Chinese and U.S. officials confirmed that a so-called phase one trade deal. The deal includes an increase in U.S. agricultural purchases by the Chinese while the U.S. agreed to hold off on additional levies scheduled for Sunday. The U.S.
would also roll back some existing tariffs. Friday's muted performance comes as some investors perhaps expected something more from the much-anticipated deal. To be sure, the agreement does quell fears of a near-term escalation on the trade front which could lift stock prices to end 2019.
The stock market response very sensitive for US-China trade talk. Obviously, the Phase 1 deal is not good for US. but it is great for Trump himself. See the correlation between his tweets and stock market change. He is great trap designer.
Kudlow told that $50 billion of AG purchases in the China TradeDeal is OVER A 2 YEAR PERIOD. Or $25 billion per year Before Trump's TradeWar, China was buying $27 billion/yr ave since 2012 Trump got 10% LESS THAN BEFORE! On top of $41 billion in lost trade & bailouts!
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Source: CNBC - 🏆 12. / 72 Read more »