Phase one U.S.-China trade deal: What Cramer and other pros are saying (via TradingNation)
that was scheduled to go into effect on Dec. 15 and rolled back some existing duties on Chinese goods.
"Let's say you're the Chinese and I'm the president. I come in and I say, 'You know what? Here's what I'll offer: I'll cut all the tariffs in half, and I won't do the December tariff.' That was not offered. And yet, in black and white, the paper says it was. That was never offered, and that's what the president is saying. Now, my experience is that when I say something was never offered and the president confirms it, it was never offered.
"Just the fact that there's a delay — we're not going to get those 25% tariffs on Dec. 15 — I think is definitely a plus for the market. It would be a bigger plus if we actually got mutual reduction on tariffs. I could see the market up 10% then. But just the delay, that uncertainty, out of the way in the immediate future I think is certainly good for another 5% on the market for the rest of this year. ... Remember, Trump did say we're very close to a deal.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Signs Phase One China Trade Deal, Avoiding Brutal December Tariffs[Update] Trump signs phase 1 China trade deal, avoiding brutal December tariffs
Read more »
US-China reach Phase I trade agreement—Three experts on what it means for marketsU.S. markets moved after a Chinese press conference indicated a U.S.-China trade agreement had been reached. The agreement will involve a rollback of tariffs and increased agricultural purchases. Three experts discuss what the agreement means for markets.
Read more »
US reaches a phase one trade deal with China in principle pending Trump's approvalTrump met with his top economic advisors Thursday afternoon as he decides whether to delay tariffs set to take effect Sunday.
Read more »
Asia stocks set to jump as investors await signing of phase one US-China trade dealShares in Asia were set to jump at the open on Friday after sources told CNBC Thursday that Washington and Beijing have agreed to a phase one trade deal in principle, pending U.S. President Donald Trump's approval.
Read more »
Trump announces phase-one China trade deal, calls off Dec. 15 tariffsPresident Donald Trump said Friday the U.S. and China have agreed to a phase-one trade deal, and announced tariffs scheduled for Dec. 15 on Chinese goods...
Read more »