However, according to CNBC, US 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.
While rooting for the Commies, and having no working knowledge of how markets and trade works, I always like to quote someone that has no first hand knowledge of the negotiations.
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It's a policy we can all trust.