US STOCKS-Wall Street set to open lower as focus shifts to tariff deadline

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U.S. stock indexes were set to open modestly lower on Thursday, with investors staying on the sidelines ahead of the imposition of a fresh round of tariffs on Chinese goods. U.S. President Donald Trump has just days to decide whether to go ahead with tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China. “Because the administration is prone to putting out surprise statements on trade, investors are afraid to get too far in front on the likelihood of any bad news,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.

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