Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China,

Just weeks ago, markets rejoiced as a de-facto trade embargo between the world’s two largest economies was called off — with US President Donald Trump declaring a “total reset” with China. Yet, the reality of that reset is starting to look awfully familiar.

Official PMI remains below 50, with ‘persistently high uncertainty’ in global trade tipped to weigh on growth outlook in both US and China.

Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO),

President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.

China issued a blistering response after U.S. Defense Secretary Pete Hegseth said "the threat China poses is real."

China said it will not send its defense minister to the Shangri-La Dialogue in Singapore and recently escalated export restrictions.

NEW YORK] Wall Street stocks saw a mixed end to the day on Friday (May 30), as trade tensions between the United States and China heated up with President Donald Trump accusing Beijing of violating a tariff de-escalation deal.

Gold declined and the dollar advanced as traders assessed US data on consumer spending, the flow of imports and renewed trade tensions between America and China. Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNow With Colorful Blocks,