2 fulllllllll days of negotiations and this is what they come up with for a partial agreement ...everyone knew already that they were going to increase agricultural purchases. The market is hyped up over absolutely nothing. These trade wars weren't even partially settled. Markets will take notice of this in the next week or two as this is just a kick the can down the road situation. The US reportedly reached a limited trade agreement with China on Friday that would pave the way for resolutions on broader issues later in the year, temporarily defusing a bitter dispute that has roiled the world's largest economies. China agreed to increase agricultural purchases and roll back some tariffs as part of the agreement, according to Bloomberg. The two sides have since taken tit-for-tat punitive measures against each other, including through a near-steady stream of steep duties on thousands of products. The report came after two days of meetings in Washington, where negotiators were expected to attempt to avert scheduled escalations that would increase tariff rates to as high as 30% next week. US stock indexes soared on hope for an agreement. The White House did not offer comment on the matter.
Yep...typical. china is winning the trade war. POLITICS Mnuchin says China tariffs won’t go up next week PUBLISHED MOMENTS AGO
If the goal of this thread was to whip S2007S into a more progressive state of frenzied hysteria - congratulations.
You do realize it has been a "kick-the-can-down-the-road" situation for the past 18 months or so? This should not surprise you at all.
What's that??? I thought everything was perfect Friday US MARKETS US futures turn negative on report China wants more talks before signing ‘phase one’ trade deal PUBLISHED 5 HOURS AGOUPDATED 7 MIN AGO Sam Meredith@SMEREDITH19
China is going to win this one... They are playing the game in their favor. Watch trump get upset and place those remaining tariffs on China.... TRADE Hold the ‘champagne’: What Chinese state media are saying about the trade talks PUBLISHED 5 HOURS AGOUPDATED 4 HOURS AGO Grace Shao@GRACEMZSHAO KEY POINTS Chinese state media appeared cautious about celebrating the partial U.S.-China trade deal, and warned Washington to “avoid backpedaling.” The U.S. has suspended a tariff increase to 30% from 25% on at least $250 billion in Chinese goods that were set to take effect on Tuesday. A tariff hike implemented in September was not rolled back and plans for another hike just before the the Christmas holiday on Dec. 15 remain in place. “While the negotiations do appear to have produced a fundamental understanding on the key issues and the broader benefits of friendly relations, the Champagne should probably be kept on ice, at least until the two presidents put pen to paper,” wrote China Daily, the official Chinese state-owned English newspaper.
ALWAYS listen to multiple sides of a coin. Or always listen when 2 leaders are having joint press conference. Don't ever listen to one sided view. BEST is, don't listen at all. JUST FOCUS ON YOUR CHARTS !!! Just focus on continuation and reversal signals and trade accordingly.