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U.S.-China Trade Talks End Without A Deal

#Hot Issues of the Week l 2019-05-12

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ⓒYONHAP News

Trade talks between the U.S. and China ended without a deal on Friday as U.S. President Donald Trump moved ahead with a plan to impose 25 percent tariffs on all remaining Chinese imports.

Markets around the world reacted negatively to the news. The Korea Composite Stock Price Index(KOSPI) dipped below two-thousand-100 in intra-day trading for the first time in four months before rebounding to close up at two-thousand-108-point-04 after Trump said that talks were "candid and constructive."

The Korean won closed at 1,177 to the dollar but fell to 1,181.4 during trading, the worst exchange rate since January 2017.

The Korean government held a meeting on Friday where it said it would come up with a slew of measures to bolster exports, increase digital trade and diversify the Korean export markets.

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