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Shares are lower On Monday, June’s first trading session, over the updated trading tension.
This Dow Jones Industry Medium The S & P 500 and the Nasdaq composition decreased by 0.4% and 0.4%, 0.4%, 0.4% and 0.3%.
Chinese said the president on Monday Donald Trumps The accusations violated by Beijing in Geneva trade talks were “unfounded” and promised to take strong measures to protect their interests.
In response to Trump’s reviews on Friday in response to the Ministry of Commerce, China violated the bilateral deal to retreat Chinese tariffs.
The ministry said China had applied Last month, the agreement reached in Geneva presented more than one “discrimination” measures against China in Geneva.
“The US government has unilaterally and repeatedly repeated the uncertainty and instability in new economic and trade frictions, bilateral economic and trade relations.”
On Friday, Trump also announced a double increase in the import tariffs in steel and aluminum.
Although China is the world’s largest steel manufacturer and exporter, China gives us a lot of space in 2018 after the 25% tariff. China is in third place among aluminum suppliers.
Reuters contributed to this report
