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US-China Trade Talks Hit Pothole Over Purportedly ‘Easy’ Farm Purchases
It was inevitable.
After weeks of positive news flow around the "Phase One" trade agreement between the US and China, market participants knew it was just a matter of time before things hit a "snag". Indeed, recent rhetoric from Donald Trump seemed to suggest that good vibes notwithstanding, the deal was far from sealed.
Sure enough, on Wednesday afternoon, the Wall Street Journal reported that the discussions have hit a rough patch, apparently over farm purchases.
Trump has variously insis
The stock jockeys now have to find another reason to push up stock prices. It looks like trade is now a two way market.
Ria, now traders have another push using the same narrative of Phase 1 deal is coming. It is Groundhog Day all over again.
China desperately wants to make a deal. Yeah right. Trump is so desperate and China knows it. Will just go back to what it was before the “easy to win” trade war.
Trump is a fool.
And an egotistical fool at that.