WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Wednesday he expects trade actions between the United States and China will likely lead to a negotiated deal, but that it was unclear whether such talks would happen by the end of May or later.
"It wouldn't be surprising at all if the net outcome of all this is some sort of a negotiation," Ross said in an interview with CNBC. "It's very difficult to put a specific time denomination on negotiations that are as complex as these."
China's response is a surprise for some people," said Julian Evans-Pritchard, senior China economist at Capital Economics, noting that neither said had yet called for enforcement of the tariffs.
"It's more of a game of brinkmanship, making it clear what the cost would be, in the hopes that both sides can come to agreement and none of these tariffs will come into force," he said.
Beijing's list of 25 percent additional tariffs on U.S. goods covers 106 items with a trade value matching the $50 billion targeted on Washington's list, China's commerce and finance ministries said. The effective date depends on when the U.S. action takes effect.
Is it Trump trying to create reasons (chaos) to dump market sentiments pathing the way for FED board to block interest hike in the remaining months...high probability. lol
Don't fight the bear. Kill it instead by punting index put warrants. You can't fight the bear because official economic data is showing economic downturn coming which may eventually lead to recession. Or you may just hug your millions of cash and go hibernate until 2021 which is confirmed a bull market reborn.
This coming recession will be massive. Our economy depend too much on oil, trade n export. Weak in domestic consumption coupled with higher tax. I think bull may return after 2021.
dont be surprise if there will not be a recession as trump seek re-election as president and china economy slow , they will give n take and announce a trade deal
The major U.S. stocks indexes accelerated declines in the last hour of trading after White House trade adviser Peter Navarro said the United States and China might not reach a trade deal at the close of a 90-day negotiating window unless Beijing can agree to a profound overhaul of its economic policies.
I guess stock market works like this. Firstly a bad event like 911 or recession fear comes. Then the panic ones all exit first, left those unafraid ones holding. Then after a while interested outsiders came buying bit by bit while the fearful ones still stay sideline. So at this point the stocks will start rising again. Then until a certain high point those fearful ones came in again chasing high. And bad event happens again, cycle repeats... WOW IM SUCH A GENIUS !!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jon Choivo
3,668 posts
Posted by Jon Choivo > 2018-04-04 20:51 | Report Abuse
Haha not a trader. So i can just swallow all the way down.