Friday's euphoric reversal, which saw the Dow Jones first tumble some 400 points before staging a miraculous 500 points comeback on no news but a rebound in optimism that just because new US import tariffs were put in place that would make a trade deal/compromise between the US and China more likely, appears to have been... premature.
Following some soothing words from both the US and Chinese sides on Friday that while talks to avert a tariff hikes had failed, they were "constructive" and there was grounds for "cautious optimism" for the future, the standoff between the U.S. and China abruptly escalated over the weekend when China's vice premier Liu He said that China is planning how to retaliate and listed three core concerns that must be addressed, and on which it wouldn't make concessions, ahead of any deal...
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