S&P 500 Index futures fell as much as 2.2 percent Monday morning and China’s CSI 300 Index plunged 5.7 percent after news that Beijing is considering delaying a trip by its top trade negotiators in response to U.S. President Donald Trump’s threat to raise tariffs. The market churned along happily until mid-April, when traders came to realize the central bank wasn’t opening the floodgates.
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