Wall Street sees ‘nothing of real substance’ in Trump’s China trade deal—and stocks sell off globally

Fortune Term SheetMay 15, 2026
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Global stock markets are experiencing a downturn as Wall Street expresses skepticism over the recent Trump-Xi summit, which reportedly produced 'nothing of real substance' regarding trade agreements. This lack of concrete outcomes has contributed to a sell-off in stocks and bonds worldwide. Additionally, other economic indicators, such as Britain's GDP numbers, are raising concerns about the overall market stability.

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