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Stocks slump after Trump says U.S.-China trade deal can wait

“U.S. stocks fell sharply Tuesday morning after President Trump cast doubt over the potential for a trade deal with China this year and threatened to impose tariffs on French goods” writes The Associated Press for The Russell 2000 index of smaller-company stocks fell 0.7%.Trump said he has “no deadline” for a deal and didn’t mind waiting until after the election next year to make one.Wall Street is also weighing the potential for an expanded series of trade disputes after a month of relative calm.

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