Friday, May 25, 2018

Wall Street dips after Trump cancels North Korea summit, targets car imports

By Medha Singh (Reuters) - U.S. stocks dropped on Thursday, but were well off the session lows hit after President Donald Trump cancelled a summit with North Korea's Kim Jong Un and threatened to impose tariffs on auto imports. Trump cancelled the June 12 meeting citing Pyongyang's "open hostility,", even after North Korea followed through on a pledge to blow up tunnels at its nuclear test site.

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