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US, China Strike ‘Phase One’ Trade Deal, Tariff Hike Delayed, No Decision On December Escalation
Rejoice!
The US and China have reached a "partial" trade deal. The details were initially sparse, and they remained so, primarily because not much was actually accomplished.
The world's two largest economies came to a "substantial phase one" agreement this week, Donald Trump said, after meeting with Liu He at the White House. It will take weeks to get it in writing and will purportedly cover intellectual property, financial services and farm buys.
Read more: Markets Lost In Fog Of Trade War A
Doesn’t farm purchases for tariff relief get us back to around the starting point except, for you know, less actual farm purchases and higher tariffs than prior to the start of the “war.”
Exactly. lol.
yeah, but the market loves it… Could be worse…… Just took another bullish item off the shelf to distract from impeachment , Iran, Turkey and the Kurdish issue, as well as slowing growth….
What were the stats for farm purchases before the trade war? There was absolutely zero pushback at the press conference when Trump was touting this as more farm purchases by China than ever before.
Meanwhile, as the plot thickens:
Not a good day for the insane one:
The court declared that the president’s proclamation is invalid because it illegally sought to override Congress’s decision to not fund further border wall construction. The court invited the plaintiffs, El Paso County, Texas, and the Border Network for Human Right to propose terms for an injunction that would prevent the government from using funds to build border barriers that Congress specifically refused to authorize.
Faded it at the close.
Smart move.