Tech Rebound Fuels Stock Gains Amid Trade Tensions: Markets Wrap
- Beijing, Washington exchange fresh blows in tariff dispute
- Oil jumps as Saudis said to be comfortable with $80 Brent
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Global equity markets climbed Tuesday, shrugging off the latest salvos in the trade war between the U.S. and China. Treasuries retreated and oil rose.
President Donald Trump announced 10 percent tariffs on $200 billion in Chinese goods to start later this month. The rate would jump to 25 in January if Beijing refuses to offer concessions. China, in return, said it would levy duties on $60 billion of U.S. goods.