Now it seems like trade deal optimism is back in the air. New formal talks between the U.S. and China have been announced for next month, and there are even high-level Chinese sources suggesting a breakthrough could occur at those meetings. It doesn’t appear there’s anything the Trump administration has done to improve this sentiment. Right now, it’s the more encouraging news and messaging from China that’s the cause of that optimism.
onsdag 11. september 2019
Tariffs are no longer China’s biggest problem in the trade war
What a difference two weeks makes.Two Fridays ago, pundits seemed to be beside themselves over what was the latest flare up in the U.S.-China trade war. President Trump raised tariffs in retaliation for China’s retaliatory tariffs, he called Fed Chairman Jerome Powell an “enemy,” and the Dow plummeted 623 points while the Nasdaq closed 3% lower.
Now it seems like trade deal optimism is back in the air. New formal talks between the U.S. and China have been announced for next month, and there are even high-level Chinese sources suggesting a breakthrough could occur at those meetings. It doesn’t appear there’s anything the Trump administration has done to improve this sentiment. Right now, it’s the more encouraging news and messaging from China that’s the cause of that optimism.
Now it seems like trade deal optimism is back in the air. New formal talks between the U.S. and China have been announced for next month, and there are even high-level Chinese sources suggesting a breakthrough could occur at those meetings. It doesn’t appear there’s anything the Trump administration has done to improve this sentiment. Right now, it’s the more encouraging news and messaging from China that’s the cause of that optimism.
