Global Markets: U.S./China trade tensions ease

By MarketsFarm

WINNIPEG, Aug. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Trade tensions between the United States and China were showing signs of easing on Monday, after increased tariffs from both sides on Friday sent equity markets sharply lower. Beijing officials were calling for calm negotiations on Monday and a de-escalation of the conflict. Meanwhile, United States President Donald Trump also said a deal may be close.

– The G7 will provide logistical support and US$22 million to help fight fires in the Amazon rainforest. French President Emmanuel Macron, who is hosting the G7 meeting, said the funds will be immediately available. France is also providing military support.

– Talk show host Joe Walsh, a former U.S. congressman, has put his hat in the ring to challenge U.S. President Trump for the Republican nomination for the 2020 presidential election.

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