Bonds & Stocks
A solid week on Wall Street is ending on a quieter note, with stocks churning as investors digested the gains of the past few sessions amid conflicting signals on whether the US-China trade spat is de-escalating. The S&P 500 wavered on speculation the world’s two largest economies won’t set aside their differences so quickly.
Economy
President Donald Trump said he expected to wrap up trade deals with US partners looking for lower tariffs soon. “I would say, over the next three to four weeks, and we’re finished, by the way,” Trump said of the deals in an interview with Time magazine published Friday.
World
China’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries.