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Wall Street falls as Trump greenlights China tariffs

Reuters India
Wall Street falls as Trump greenlights China tariffs

(Reuters) - U.S. stocks fell back on Friday after President Trump instructed aides to proceed with tariffs on about $200 billion in Chinese products, despite Treasury Secretary Steven Mnuchin’s attempts to restart talks with Beijing. A source familiar with the situation confirmed stories initially carried by both Bloomberg and Fox News on the moves by the White House. [nL2N1W0158] Wall Street, which had been trading marginally in positive territory on the back of a rise in U.S. Treasury yields above 3 percent, reversed. “If Trump is willing to go ahead with the tariffs then that is significant enough to sour markets,” said Bryan Reilly managing director at CIBC Private Wealth Management in Boston,