Marcus Today's Chris Conway says global markets have shown "waning optimism" regarding the US - China trade deal due to creeping "skepticism" the "deal won't lead to the economic growth some had been hoping".
Mr Conway said Chinese media "had a lukewarm response to the deal" largely due to "the size of agricultural purchases that had been touted". "This deal has been about two years in the making and it doesn't address some of the key issues that the US was concerned about in terms of IP transfer and protections," he said.
Put simply: US, China trade talks agreed almost nothing, so the US split the talks into two parts and agreed China can buy more farm product from the USA. Real question is, the loss of USD as world's reserve currency, what and how is it replaced, and the impact on AU. auspol