Market focus is largely attuned to global trade developments, amid growing fears that Washington’s latest tariff threats against Mexico could tip the global economy into a recession.
Tensions between the U.S. and China escalated over the weekend, as the two countries clashed over trade, technology and security issues.
A senior Chinese official and trade negotiator said Sunday that Washington would not be able to use pressure to force a trade deal on Beijing. Vice Commerce Minister Wang Shouwen also refused to say whether the leaders of both countries would meet at the G20 summit to work out an agreement later this month.
