Donald Trump expects 'great deal' with China over trade

Global stocks pare gains as investors remain cautiousMore

The US plans to impose new tariffs on all remaining Chinese imports if talks between President Donald Trump and Xi Jinping fail at the G20 summit in late November, US news portal Bloomberg reported on Monday. Each side has now imposed charges on half of the other side's annual exports and Washington has threatened to slap tariffs on all Chinese sales to the U.S.

While the proposed new tariffs have yet to be confirmed, the Bloomberg report is in line with a Wall Street Journal report last week that the USA was refusing to "resume trade negotiations with China until Beijing comes up with a concrete proposal to address Washington's complaints about forced technology transfers and other issues".

Among industrials, Boeing sank 6.6 percent to $335.59.

China on Saturday denounced Donald Trump's accusation that Beijing is stalling efforts to disarm North Korea as "irresponsible", after the U.S. president said an upcoming trip to Pyongyang by his top envoy had been cancelled due to lack of progress on the issue.

The price of US crude oil fell 0.8% to $67.04 a barrel in NY.

The Russell 2000 index of smaller-company stocks slipped 6.51 points, or 0.4 percent, to 1,447.31. The S&P 500 index was off 17.44 points to 2,641.25, while the Nasdaq composite lost 116.92 points to 7,050.29. If the Trump administration expands the tariffs to include the rest of those imports, the higher taxes would hit consumer goods such as clothing, shoes, and Apple products (which were originally supposed to be included in the most recent round of tariffs before being exempted at the last moment).

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President Donald Trump and Vice President Mike Pence are among those who have traveled to Texas to campaign on Cruz's behalf. The poll's release comes as a record number of Texans continue to cast ballots during the state's early voting period.

Although most tech firms fell Monday, open-source software company Red Hat soared 45.4% to $169.63 - reversing its losses from earlier this year - after IBM agreed to buy it for $34 billion in stock. -China trade war have been stoked by a report that the United States is preparing.

Broad gains in the USA equity market turned global stocks higher on Tuesday after President Donald Trump said a "great deal" could be struck with China that would relieve fears of a growing trade war between the world's two largest economies.

Futures signaled gains for equities in Hong Kong and China, while Japanese stocks were seen opening slightly lower.

Germany's DAX rose 1.2 percent as Volkswagen, Daimler and BMW made big gains.

Brazil's Bovespa rose in morning trading after far-right politician Jair Bolsonaro was elected president, but it later ended down 2.2%. Brent crude, used to price global oils, lost $1.14 to $76.20 per barrel. The dollar strengthened on better-than-expected private payrolls data, lifting the 10-year Treasury yield to 3.14 percent.

The price of US crude oil dropped 0.8 percent to $67.04 per barrel in NY while Brent crude, used to price worldwide oils, lost 0.4 percent to $77.34 per barrel in London.

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