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White House trade advisor Peter Navarro said Beijing plans to devalue its currency — and if it does, the U.S. will respond forcefully.

As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of pressure on U.S. consumers as top retailers begin reporting quarterly results next week and key consumer sentiment and retail sales data is released.

U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume.

U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question, reviving concerns on financial markets that the bilateral dispute is unlikely to end anytime soon.

White House trade adviser Peter Navarro said on Friday the United States was still planning to hold another round of trade talks with Chinese negotiators.

The International Monetary Fund on Friday stood by its assessment that China's yuan valuation was largely in line with economic fundamentals, but an IMF official said the fund was encouraging China to pursue a more flexible exchange rate with less intervention.

The U.S. Commerce Department is continuing to evaluate requests by U.S. companies to sell certain equipment to Chinese telecoms company Huawei Technologies Co Ltd, a White House official and Commerce Department spokesman said Friday.

Peru has suspended a construction permit it recently gave to Southern Copper Corp for its $1.4 billion Tia Maria copper project while officials can re-evaluate its legality, authorities announced late on Friday.

Power producer PG&E Corp said on Friday it is evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide equity capital commitments supporting a plan to reorganize the company.

Peru on Friday suspended a recently issued construction permit for Southern Copper's Tia Maria mine, a project that has triggered violent protests by nearby residents.

Asian shares on Friday caught the tail of a Wall Street rally aided by China's solid export figures and a stabilization in the yuan, but fresh concerns about Sino-U.S. trade ties capped the region's gains.

Malaysia has filed criminal charges against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc in a multi-billion-dollar corruption investigation at state fund 1MDB, the attorney general said on Friday.

Beyond Meat Inc has shelved plans to enter Japan, according to a Japan-based investor, focusing more on the U.S. market where it recently bolstered funding to fuel an expansion and beat out emerging faux-meat rivals.

Asian shares inched up on Friday, helped by Wall Street's rally, but fresh concerns about Sino-U.S. trade ties capped gains in the region.

China's Huawei Technologies [HWT.UL] said on Friday it would be difficult for the firm to meet its previous goal of becoming the world's biggest smartphone maker by shipments this year due to U.S. curbs imposed in May.