Investors grew calmer after Beijing’s retaliatory tariffs shook markets, but sharp rhetoric suggests the fight is far from over.
Financial markets showed signs of stabilizing on Tuesday, one day after China’s retaliatory tariffs against imports from the United States rattled Wall Street.
Still, China’s public comments suggested the uncertainty is far from over.
Asian markets fell broadly but more modestly than Wall Street. European markets opened somewhat higher. Futures markets were predicting that Wall Street would open higher after Monday’s 2.4 percent decline.
China on Monday announced plans to raise tariffs on American-made goods worth nearly $60 billion a year, after the United States raised tariffs on $200 billion worth of Chinese imports.
