"Trade disputes between China and the U.S. have a much bigger impact on the outlook for China in the negative sense than they have for the United States. It is impacting the U.S. as well but in a less pronounced way."'What about the dollar?'
Expectations of a so-called "phase one" trade deal between the two economic giants have been rising in recent weeks, supporting stocks and riskier assets. However, a lack of progress on an agreement has intensified concerns about whether a trade deal will take place at all. Speaking at the Economic Club of New York on Tuesday, Trump said both sides were "close" to reaching a "phase one" trade deal but did not offer any details on where or when it might be signed." on trade, though he blamed the situation on past leaders of the world's largest economy.