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Seven days: 10 May 2019

Seven days: 10 May 2019

Tensions build

Chinese and US stocks were pulled lower at the start of the week following President Trump’s threats to increase tariffs on Chinese imports. The US president said Beijing was attempting to renegotiate previously agreed terms of the trade deal in the hope of gaining better terms with the Democrats. Mr Trump tweeted: “The reason for the China pullback & attempted renegotiation of the Trade Deal is the sincere HOPE that they will be able to “negotiate” with Joe Biden or one of the very weak Democrats”. Chinese vice-premier Liu He arrived in Washington for an abbreviated round of talks on 9 May.   

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