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https://foxbusiness.com/politics/us-china-reach-partial-trade-deal-reportsThe U.S. and China have reached a partial trade deal, and a truce in the long-running trade war may be near, according to Bloomberg.
U.S. stocks took a leg up on the report, with the Dow Jones Industrial Average trading higher by 400 points.
Treasury Secretary Steven Mnuchin, moments ago speaking on Turkey, declined to confirm reports of a deal but eluded to an announcement.
"We have had a productive two days of discussions," he said while taking reporter questions.
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Why is Joe above investigation?
Don't hurt yourself
Nice editing Fox.
Keep hope alive
Too bad
Treasury Secretary Steven Mnuchin said the next round of
tariffs on Chinese goods will take effect in mid-December
if the US and China do not reach a full trade agreement. “It
appears that the results of Friday’s trade talks are not seen
as going far enough. What is more, the US and China are
still far from reaching a comprehensive agreement,”
Commerzbank said in a note Monday. “In our opinion, this
[trade agreement] appears to be similar to past trade talks
where by the situation appeared rosy, before eventually
crumbling down again,” said Samuel Siew, investment
analyst at Phillip Futures.
Poor guy...