Is A China-US Deal Worth Waiting For?
- President Donald Trump suggested that he would be happy to wait until after the 2020 election to do a trade deal with China, adding that Beijing wants one now. Stocks futures fell after his comments.
- In further signs of increasing tensions between the two nations, Chinese state media said the government would soon publish a list of “unreliable entities” which could lead to sanctions against U.S. companies.
- The next round of tariffs on Chinese goods is due to kick in on Dec. 15, and investors are starting to become concerned that the market consensus of a delay in implementation may be proven wrong.
(Source: Bloomberg)