Fear of expanding trade war sinks global equities; bonds rally

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Fear of expanding trade war sinks global equities; bonds rally
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Signs that a deal to end the trade war between the United States and China might...

NEW YORK - Signs that a deal to end the trade war between the United States and China might not come until after the November 2020 elections weighed on global equity markets Tuesday as investors sought out the perceived safety of bonds.

His latest comments appear to dash hopes that an agreement with China could be reached before another round of tariff hikes kicks in on Dec. 15. “In the case of new American sanctions, the European Union would be willing to retaliate,” French Finance Minister Bruno Le Maire told Radio Classique.

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