USA-China Trade Deal Prospect Boosts Capital Markets
Remarks made by U.S.
During Monday trading on Wall Street, Trump’s update saw the Dow Jones Industrial Average hit its highest point of 2019 before the 0.2% gain was pared later in the session. Elsewhere in Asia this
The Trump administration had been threatening to raise import tariffs from 10% to 25% on a further $200 billion of Chinese goods into the USA. The “substantial progress” now being made in trade talks means the decision has been taken to delay the move. The hope is now that an agreement can be reached to mean the
The past three months have seen a pause to new rounds of tariffs to give a window for trade talks to take place. Trump insists that historical trade conditions between the two countries have been unfairly weighted in China’s
Trump’s more abrasive, confrontational approach to international relations flies in the face of the usual soft-touch diplomacy employed by his predecessors. But if he manages to now pull off an agreement that both
His one-man good cop/bad cop negotiating style was yesterday encapsulated by a few sentences that raised optimism a deal could be reached without taking the possibility of a break-down
“It might not happen at all, OK? Might not happen at all, but I think it’s going to happen and it could happen fairly soon. The relationship is great.”
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