ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Trade war

Trump says he will meet Xi at G-20, as China tariffs sink market

Escalation in trade war triggers fear of recession on Wall Street

BEIJING/NEW YORK -- U.S. President Donald Trump said on Monday that he will meet Chinese President Xi Jinping at the Group of 20 leaders summit in June, on a day when Wall Street saw a major sell off on fears of a trade war escalation. 

Earlier in the day, China's finance ministry said it will raise retaliatory duties on $60 billion in U.S. imports to as much as 25% from June 1, in response to Friday's tariff increase by Washington.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more