Global stocks are dropping on trade war worries after China reportedly wants more talks before signing Trump's deal

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'Turns out the deal was fake news,' Neil Wilson, chief markets analyst at Markets.com tweeted.

US stocks are set to fall after Bloomberg News reported that China wants further talks before agreeing to Trump's"Phase One deal" made last Friday. Trump tweeted on Sunday that China has already begun increasing agricultural purchases from America, after the initial handshake agreement. Data from China meanwhile showed that the trade war is hurting China's economy as both imports and exports fell in September. View Markets Insider's homepage for more stories.

US stocks are set to fall after Bloomberg News reported that China wants further talks before agreeing to Trump's"Phase One deal" made last Friday. Trump tweeted on Sunday that China has already begun increasing agricultural purchases from America, after the initial handshake agreement. Data from China meanwhile showed that the trade war is hurting China's economy as both imports and exports fell in September. View Markets Insider's homepage for more stories.

 

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Because they have him over a barrel. He’s desperate for a deal after the disaster in Syria and they know it. They will squeeze him and he’ll fold

If they delay, 30% tariffs on they way.

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