Markets Right Now: Stocks fall on fresh worries over trade

Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing

The Canadian government believes a deal to update NAFTA is still possible despite a USA move to impose tariffs on Canadian and Mexican steel and aluminum, Foreign Minister Chrystia Freeland said in Ottawa on Tuesday. The Chinese government responded with same coin.

He also stressed that the White House's broader plan to curtail President Xi Jinping's high-tech "Made in China 2025" policy could only be achieved after a long and bitter trade war.

The US president released a statement on Monday night saying "these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced".

Developments regarding the trade dispute between the US and China may impact trading on Wednesday, although traders are also likely to keep an eye on a report on existing home sales in May. The decision is full of many key rural territories in trumpist vote.

Donald Trump said he has taken steps to provide level-playing field to American businesses. Hence 200 billion on table.

Trump is gambling that Beijing has the most to lose. The move, which went into effect March 23, was seen as targeting China particularly and included temporary exemptions that shielded US allies Canada, the European Union and Mexico.

For months, the US and China have been sparring over tariffs on goods exported from China to the USA and vice versa.

In an editorial, the English language China Daily, often used by the government to get its message out to the world, said the United States had failed to honor an agreement on rebalancing trade, a reference to a deal stuck in May for China to significantly increase purchases of USA goods and services.

Pan said market attention turned to China for "signs of further retaliation".

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Separately, the Chinese Commerce Ministry has hit back accusing the United States of blackmailing by threatening to slap additional tariffs on Dollars 200 billion of Chinese goods and warned that it would hit back with comprehensive measures if Washington went ahead with the plan. -Chinese dispute but share the complaints of their American counterparts about market barriers and unfair regulation.

A rush to beat the tariffs imposed by the USA and China in the latest trade spat could spark a change in freight movements and rates.

Underscoring the impact on Chinese companies from worsening Sino-U.S. relations, shares of ZTE Corp, the technology firm caught in the cross-fire of the trade spat between the two countries, slumped further on Tuesday.

"There are trade frictions not only between the United States and China but also between the USA and its allies".

In first compasses, commercial war was declared with a lot of noise and few walnuts, ie with thick sentences of Trump, but reduced economic figures.

Shanghai-based hedge manager David Dai said the rapidly escalating trade tensions between Washington and Beijing have added woes to an already fragile stock market and make calling the bottom very hard. The stage of gestures is over, current figures are total war. The Australian dollar, often seen as a proxy to China-related trades, brushed a one-year low of $0.7381.

U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year.

Its report also warned that China risked losing some of its lustre for investors, who were concerned about market restrictions and uneven treatment, as well as possible capital controls and rising labour costs.

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