Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Trump, China’s Xi talks ahead, stocks slide as June begins: Live Updates
Business

Trump, China’s Xi talks ahead, stocks slide as June begins: Live Updates

Buddy DoyleBy Buddy DoyleJune 2, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Trump, China’s Xi talks ahead, stocks slide as June begins: Live Updates
Share
Facebook Twitter LinkedIn Pinterest Email

Stocks are lower on Monday, the first trading session of June, on renewed trade tensions.

The Dow Jones Industrial Average fell 300 points, or 0.6%, while the S&P 500 and Nasdaq Composite were down 0.4% and 0.3%, respectively.

China said on Monday that President Donald Trump’s accusations that Beijing had violated the consensus reached in Geneva trade talks were “groundless”, and promised to take forceful measures to safeguard its interests.

The comment by the commerce ministry was in response to Trump’s remarks on Friday that China had breached a bilateral deal to roll back tariffs.

The ministry said China had implemented and actively upheld the agreement reached last month in Geneva, while the U.S. had introduced multiple “discriminatory restrictive” measures against China.

“The U.S. government has unilaterally and repeatedly provoked new economic and trade frictions, exacerbating uncertainty and instability in bilateral economic and trade relations,” the ministry said in a statement.

Trump on Friday also announced a doubling of import tariffs on steel and aluminum to 50%.

While China is the world’s largest steel producer and exporter, it ships very little to the United States after a 25% tariff imposed in 2018 shut most Chinese steel out of the market. China ranks third among aluminum suppliers.

Reuters contributed to this report

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleDaily coffee drinking linked to major health benefit in women as they age, study finds
Next Article Should You Not Run a Red Dot on Your EDC?

Related Articles

Chilling clues in Amazon reviews: Fox Nation probes serial killer’s sinister trail

Chilling clues in Amazon reviews: Fox Nation probes serial killer’s sinister trail

July 1, 2025
Canada rescinds digital services tax for the US: What is it and why did Trump want it gone?

Canada rescinds digital services tax for the US: What is it and why did Trump want it gone?

July 1, 2025
Lottery company sent inaccurate notifications of massive winnings to ‘thousands’

Lottery company sent inaccurate notifications of massive winnings to ‘thousands’

July 1, 2025
Nvidia insiders dump more than  billion in stock: report

Nvidia insiders dump more than $1 billion in stock: report

July 1, 2025
WWE Night of Champions in Saudi Arabia hits viewership milestone

WWE Night of Champions in Saudi Arabia hits viewership milestone

June 30, 2025
Tisha Alyn aims to ‘create a new era of women’s golf’ with her brand

Tisha Alyn aims to ‘create a new era of women’s golf’ with her brand

June 30, 2025
Experts say Medicaid changes in ‘big, beautiful bill’ are ‘common sense’ for healthcare policy

Experts say Medicaid changes in ‘big, beautiful bill’ are ‘common sense’ for healthcare policy

June 30, 2025
Costco quietly unveils a major perk that has shoppers racing to upgrade memberships

Costco quietly unveils a major perk that has shoppers racing to upgrade memberships

June 30, 2025
Mamdani’s public grocery stores may have devastating effects on city’s food supply

Mamdani’s public grocery stores may have devastating effects on city’s food supply

June 30, 2025
Don't Miss
Top 10 Best Crossbow Scopes For The Money

Top 10 Best Crossbow Scopes For The Money

Prince William draws hard line on uncle Prince Andrew’s royal future: experts

Prince William draws hard line on uncle Prince Andrew’s royal future: experts

Get These 5 Handguns This 2025 Before They’re Completely Off-Shelf!

Get These 5 Handguns This 2025 Before They’re Completely Off-Shelf!

TOP 10 BEST BENCHMADE KNIVES 2021

TOP 10 BEST BENCHMADE KNIVES 2021

Latest News
TOP 10 BEST SURVIVAL SHOVEL MULTI-TOOLS 2021

TOP 10 BEST SURVIVAL SHOVEL MULTI-TOOLS 2021

July 1, 2025
Trump warns of ‘whopping 68% tax increase’ if Senate fails to pass historic bill

Trump warns of ‘whopping 68% tax increase’ if Senate fails to pass historic bill

July 1, 2025
Republicans scrap deal in ‘big, beautiful bill’ to lower restrictions on states’ AI regulations

Republicans scrap deal in ‘big, beautiful bill’ to lower restrictions on states’ AI regulations

July 1, 2025
Top 10 Best Spyderco Knives 2021 (EDC Folding Knives)

Top 10 Best Spyderco Knives 2021 (EDC Folding Knives)

July 1, 2025
‘Antisemitic’ British band banned from US after viral ‘death to the IDF’ festival chants

‘Antisemitic’ British band banned from US after viral ‘death to the IDF’ festival chants

July 1, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.