The hope along Wall Street has been that Trump would lower his tariffs after negotiating trade deals with other countries, and Trump said Tuesday he would be “very nice” to the world’s second-largest economy and not play hardball with Chinese President Xi Jinping.

U.S. indexes were on track to open lower on Monday after President Donald Trump's renewed attacks on Federal Reserve Chair Jerome Powell sparked concerns about the central bank's independence and rattled investors grappling with an escalating trade war.

The Wall Street Journal editorial board defended Jerome Powell following President Trump’s criticism of the Federal Reserve chairman, stating that the central bank cannot make up for the