Financial markets are downright exuberant about the arrival of some trade peace — at least for now — between the United States and China.," including Chinese purchases of US agricultural products and an accord on currency policy. The United States is also holding off on tariffs that were to go into effect next week. Over the past few days, the expectation of such a "mini-deal" between the two superpowers drove stocks up and helped ease recession fears.
In Trump-era trade policy, the risk of a major disruption to world commerce never really goes away. It just arrives in unpredictable waves — and Friday's deal represents a low ebb. Moreover, the recent history of US trade policy implies that even when a deal seems to be signed, sealed and delivered, it doesn't mean trade peace has been achieved.
You can see that recognition in how businesses are behaving. The scale of the tariffs actually being collected thus far remains moderate relative to the scale of the US economy. But there is plenty of evidence that this sense of trade chaos is hanging over business decision-making, especially in the export-focused manufacturing sector."Markets may respond, but that doesn't mean that firms will," said Emily Blanchard, a trade economist at Dartmouth's Tuck School of Business.
Wouldn’t trust those two with a rock
18 months of crap talks and you think there’s a deal just because these face saving idiots say so?
Fake news
There is an agricultural deal that serves the domestic interests of the both parties. A real deal is long way off, of possible. Meanwhile, decoupling should begin in earnest as China can’t be trusted to shepherd the world. Freedom and Democracy is under attack by CCP.
The entire world is still at risk as long as that orange idiot is in office
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