India, April 11 -- After a positive start, French stocks have turned weak on Friday as rising trade tensions between the U.S. and China outweigh President Donald Trump's announcement of a 90-day pause in tariff hikes on about 60 trade partners of the U.S. on Tuesday.
After the U.S. said that Chinese goods will be taxed at 145% as against the earlier proposed levy of 125%, China's finance ministry has revealed that it will raise tariffs on U.S. goods to 125% from 84%, effective Saturday (April 12). The spat between the two major economies has raised concerns of a prolonged trade war that could hurt several major economies.
French President Emmanuel Macron said today that the U.S. tariff suspension offers only a "fragile" pause in tensions ...