Trump's former ambassador to Vietnam highlighted the main reason China may hesitate to strike a trade deal with the U.S.

Just weeks ago, markets rejoiced as a de-facto trade embargo between the world’s two largest economies was called off — with US President Donald Trump declaring a “total reset” with China. Yet, the reality of that reset is starting to look awfully familiar.

Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO),

President Donald Trump sought to calm markets late Friday after upsetting them earlier with tough talk on China, saying he hoped to speak with Xi Jinping.

Consumers’ expectations for the future surged in May, as the U.S. and China cooled trade tensions. That pulled consumers’ expectations up from a 13-year low in April. But expectations remain below

JP Morgan Chase CEO Jamie Dimon urged the U.S. to prioritize internal improvements over fixating on China as an adversary. He emphasized that America's challenges lie within its borders, calling for reforms in various sectors to unlock economic growth.

Gold declined and the dollar advanced as traders assessed US data on consumer spending, the flow of imports and renewed trade tensions between America and China. Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNow With Colorful Blocks,

Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China,