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Clockwise from top: Pedestrians in Hong Kong walk past an eboard showing the Hang Seng Index on Friday. Roy Liu / China Daily

Chen Fuli of the Ministry of Commerce's Department of Treaty and Law speaks with reporters on Friday in Beijing. Wang Jing / China Daily

Trader Meric Greenbaum is framed by his monitors at the New York Stock Exchange on Thursday. Richard Drew / Ap

US President Donald Trump speaks in the White House on Thursday before signing memorandum on tariffs. Evan Vucci / Ap