Watch live coverage as White House Press Secretary Karoline Leavitt holds a press briefing after President Donald Trump said late Thursday that he was not tracking a fall in the stock market as he met with his Cabinet secretaries amid worsening trade tensions with China. The U.S. dollar was at a three-year low against the euro, and gold — a haven asset for worried investors — was near an all-time high. China also announced on Friday it’s raising its tariff on U.S. imports to 125% from its previous rate of 84%, signaling that this is likely to be its last increase for the moment as tit-for-tat tariffs reach levels that make trade between the world’s two biggest economies unfeasible.
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