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,

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 Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.

China has denounced U.S. Defense Secretary Pete Hegseth for calling the Asian country a threat, accusing him of touting a Cold War mentality.

President Trump says China is violating a recent trade deal and he's done being 'Mr. Nice Guy.' A temporary agreement was struck two weeks ago amid a growing trade war. The deal called for reductions of massive retaliatory tariffs on both sides for 90 days.

Trade tensions between China and the US have been ongoing since 2018 and escalated into a full-scale trade war in 2025.

US president Donald Trump on Friday again raised tensions amid the ongoing tariff war with China, attacking Beijing for \"totally violating its agreeme.

China said it will not send its defense minister to the Shangri-La Dialogue in Singapore and recently escalated export restrictions.

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,