The S&P 500 slipped, as trade hostilities continued to heat up between Washington and Beijing. Stocks in Europe and Asia had soared earlier, after President Trump paused some tariffs.
President Trump announced sweeping levies on countries across the world. The tariffs create a dilemma for longstanding friends — and an opportunity for foes.
Even as China offers itself to nations like Japan as a more reliable partner, its ships are pushing into their neighborhoods — sometimes on the very same day.