REUTERS

President Donald Trump on Tuesday defended his trade war with China as tensions escalated and markets extended their losses, promising a deal with Chinese President Xi Jinping soon, even as fears escalated about a protracted battle.

China on Monday raised tariffs on $60 billion of U.S. goods in retaliation for President Donald Trump’s decision to increase tariffs on $200 billion worth of Chinese imports last week, escalating the trade war between the world’s two largest economies.

Neither the United States nor Iran want war and Iraq is in contact with both, Iraq’s state news agency INA quoted Prime Minister Adel Abdul Mahdi as saying on Tuesday.

India delayed on Tuesday the implementation of higher tariffs on some goods imported from the United States to June 16, according to a government statement.

North Carolina voters on Tuesday will start the process of picking a new Republican candidate for Congress after…