U.S. Treasury secretary says investors on edge over trade talks By Reuters

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© Reuters. U.S. Treasury Secretary Mnuchin speaks to the news media at the White House in Washington


© Reuters. U.S. Treasury Secretary Mnuchin speaks to the news media at the White House in Washington

WASHINGTON (Reuters) – Investors who pushed equity prices sharply lower on Tuesday are grappling with uncertainty over whether U.S. President Donald Trump will strike a deal to avert an escalation of America’s trade war with China, the U.S. Treasury secretary said on Tuesday.

“The market is trying to figure out: ‘Is there going to be a real deal at the end of 90 days or not?'” Treasury Secretary Steven Mnuchin told the Wall Street Journal CEO Council, referring to a 90-day trade war ceasefire agreed by Trump and Chinese President Xi Jinping over the weekend.

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