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China looks to call bluff on Trump trade action

As influential voices within the U.S. business community warn China that U.S. President Donald Trump is serious about tough action over Beijing's trade practices, there is little sense of a crisis in the Chinese capital, where officials think he is bluffing.

FTSE stalls as retail stocks reel

Britain's major share index stalled on Friday, as profit warnings from Dignity and Carpetright hurt retailers and a drop in retail sales last month provided further evidence of a broad slowdown in consumer spending.