Asian markets mostly retreated in cautious trading Tuesday, as global trade tensions continued and suggestions of a Federal Reserve interest-rate cut percolated. Mexico sent officials to Washington on Monday to discuss potential U.S. tariffs and migration and warned that the escalating tariffs that President Donald Trump has threatened would hurt the economies of both countries. Meanwhile, U.S. officials said China has not been telling the truth about why trade talks broke down and blamed China for backtracking on promises that had been made.
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