U.S. markets rocked, Asia markets rise

This is a China news story, published by CNBC, that relates primarily to Jerome Powell news.

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Tariffs

CNBC

•

World

CNBC Daily Open: A trade war can be fought without tariffs

Summary

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82% Informative

U.S. markets rocked by renewed trade jitters, but Asia -Pacific markets rose Thursday .

The World Trade Organization warned that the global trade outlook has "deteriorated sharply" - Freight ships from China are canceling trips, which will affect many links in the economy.

Federal Reserve Chair Jerome Powell expressed concern over the tension between keeping inflation down and employment up.

China last week announced it was done retaliating against U.S. President Donald Trump 's tariffs.

Beijing has rolled out a series of non-tariff restrictive measures, such as widening export controls of rare-earth minerals and opening antitrust probes into American companies.

China is seen by some as seeking to broaden the trade war to encompass services trade.

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formal

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English

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