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China Extends Olive Branch To Trump, Markets With Thursday Trade Comments
You can thank Chinese Commerce Ministry spokesman Gao Feng for the buoyant mood in risk assets on Thursday.
At his regular briefing in Beijing, Gao said that although China has plenty of scope to hit back at the Trump administration, it would be preferable to chat with the US about the removal of the new duties.
"China has ample means for retaliation, but thinks the question that should be discussed now is about removing the new tariffs to prevent escalation of the trade war", Gao said, addin
Look for trumpolini to extend his tiny orange finger to the market in response and throw cold water on the whole thing.
“In effective touch” is like when I haven’t deleted the phone number of a former girlfriend who kicked me out and threw my stuff in the dumpster.
Last sentence says it all. In plain English it means everybody is on the same side and has the same red lines ,namely sustaining equity prices . If and when ‘a deal ‘ occurs it will be and sound like a stalemate ….a draw in a 15 round boxing match with no knockdowns.
Then we will sign a 15 Zillion dollar rematch and do it again…