Asian Stocks Move Lower Monday As Markets React To Failed U.S.-China Trade Talks

Shares were mostly down in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement. China’s envoy to the trade talks, Vice Premier Liu He said before leaving Washington, Beijing would not compromise on matters of principle and that tariffs on Chinese exports to the U.S. should be lifted as a condition for striking a deal. The Trump administration said it was preparing to expand 25% tariffs to another $300 billion worth of Chinese goods, or practically all imports from China, after raising the import duty from 10%, with effect Friday. 
President Donald Trump said on Twitter over the weekend that “We are right where we want to be with China.”

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