The International Trade Council is closely monitoring the impact of US-China trade tensions on global markets. As President Trump vows to double tariffs on $200bn of Chinese goods, stock markets worldwide have experienced significant losses.
Japan's Nikkei 225 index lost 1.5% on Wednesday, following a 1.8% drop in the Dow Jones. European markets also suffered, with London's FTSE 100 falling 1.6% and both France's Cac-40 and Germany's Frankfurt's DAX index losing 1.6%. In the US, the S&P 500 fell for the fourth session in five days, closing 1.7% lower.
Despite these setbacks, a Chinese delegation led by Vice Premier Liu He is scheduled to resume trade talks in Washington on Thursday. While some uncertainty remains around the potential outcomes, the talks signal a continued willingness to find common ground and prevent further escalation.
The International Trade Council remains committed to promoting economic cooperation and growth between the US and China. As the situation unfolds, we will continue to provide updates on the status of trade talks and their impact on global markets.