Asian stocks edged up on Friday but were on course to end the week lower as deteriorating U.S.-China relations add to uncertainties over how fast economies can recover as they start to emerge from lockdowns.
An associate professor in the Department of Political Science at the University of Chicago believes that Trump is not abandoning the "maximum pressure" campaign because doing so could be seen as appeasing Iran at the expense of Saudi Arabia.
U.S. President Donald Trump said on Friday “it doesn’t matter” if Chinese leader Xi Jinping attends the Group of 20 summit later this month in the Japanese city of Osaka, predicting a trade deal with Beijing would occur at some point anyway.
Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China’s largest aerospace meeting this week, as suppliers consider what the country’s slowing economy could mean for booming jet demand.
The EU has officially imposed tariffs on US jeans, motorbikes, bourbon and other items in response to a similar move from the US. The measures have some experts worried the world could be heading toward a trade war.
