'The President is playing footsie with China while America's farmers are on the losing end of the stick,' a soybean farmer says of the ongoing trade war
US stocks had their worst day in months, as worries about the repercussions of the trade spat with China weighed on equity markets around the globe.
It was the worst one-day percentage drop for the Dow and the S&P since Jan. 3. It was the worst day for Nasdaq since December.President Trump, addressing new tariffs China has imposed on some US goods, said the US will allocate funds to help farmers, who he alleged China is retaliating against. Trump continued:"We’re going to take the highest year — the biggest purchase that China has made with our farmers, which is about $15 billion — and do something reciprocal to our farmers, so our farmers can do well, they’ll be planting, they’ll be able to sell for less”Trump says he will meet with Putin and Xi at G20President Trump told reporters today he will meet with Russian President Vladimir Putin and Chinese President Xi Jinping at a G20 summit in Japan next month.
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