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Wall Street loses ground on renewed trade war concerns
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Wall Street loses ground on renewed trade war concerns
May 30, 2025 9:46 AM

US stock indices fell on Friday amid renewed concerns about the trade war following new statements by US President Donald Trump against China.

Trump accused China of violating an agreement suspending reciprocal tariffs with the US, adding that he was too nice with Beijing.

The US trade representative raised even more concerns when talking about potentially expanding tariffs against China if needed.

Earlier US data showed personal consumption rose 2.5% y/y in April, slowing down from 2.6% in March.

On trading, Dow Jones rose 0.1% as of 15:13 GMT to 42,270 points, while SP 500 fell 0.1% to 5904 points, as NASDAQ shed 0.3% to 19,111 points.

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