A global stock market sell-off started to ease on Friday despite the U.S. fulfilling a promise to ramp up tariffs on Chinese goods.
div > div.group > p:first-child"> The U.S. hiked tariffs from 10% to 25% on $200 billion worth of Chinese goods at 12:01 a.m. ET Friday. In response, Beijing said it"deeply regrets" the tariff hike and would take countermeasures — though no specifics were provided.
"Investors seemingly continue to try to cling to hope that policymakers on both sides opt to deescalate," Deutsche Bank's research strategist Jim Reid said in a note Friday. Goldman Sachs told clients in a note that there is still some wiggle room in the negotiations, which are still set to continue on Friday.
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