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Markets rebound after Trump softens tone on China tariffs

CBS News · Current
CBS News
CBS News
Current

The U.S. stock market rebounded on Monday (October 13) after President Trump appeared to walk back imposing new tariffs on Chinese goods.

Breakdown
  • U.S. stock markets rebounded after Trump appeared to reconsider new tariffs on China.
  • Markets had previously fallen after Trump threatened 100 percent tariffs on Chinese imports. 7s
  • China responded to the tariff threat by warning of new port fees on U.S. ships. 17s
  • Negotiations between the U.S. and China are ongoing, with staff-level talks scheduled. 1m 44s
  • Presidents Trump and Xi are expected to meet at an upcoming international summit. 1m 56s
International PoliticsStockmarketEconomy