Stocks closed up today, recovering from yesterday's brutal losses. The Dow rose more than 200 points at the close, not quite regaining Monday's losses.
if you don't make a trade deal. " He also said companies would be forced to leave the country without an agreement, adding that China had a "great deal" almost completed but they "backed out." Stocks came off their lows in afternoon trading Monday after Trump said he had not decided if he would slap tariffs on the remainder of Chinese goods.
Trump also tweeted on Tuesday the U.S. is in a "much better position now than any deal we could have made," noting that "billions of dollars" are returning to the U.S. Trump also said he thinks the U.S. is winning the country's trade dispute with China. According to the , the office of the U.S. Trade Representative has already gone ahead with first steps on slapping tariffs on roughly $300 billion of Chinese imports.in a note Monday that higher U.S. tariffs on Chinese goods will likely turn into a headwind for corporate earnings — and the economy could fall into a recession if the country's trade war keeps escalating.
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