Stock markets higher as traders eye possible Trump-Xi talks

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Major stock markets rose and the dollar climbed on Tuesday as investors kept tabs on the China-US trade war, with speculation swirling that the countries’ leaders will soon hold talks.

After a period of relative calm on tariffs, US President Donald Trump accused Beijing at the weekend of violating last month’s deal to slash huge tit-for-tat levies and threatened to double tolls on steel and aluminium.

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