NewsWars | Sep 26, 2020 | 0
Stocks, Yuan Tumble After Trump Says “China Broke The Deal”
Speaking at a rally in the Florida Panhandle, President Trump told the large crowd that China’s “Vice Premier is flying in” to continue trade talks, but “they broke the deal,” adding that “they’ll be paying.”
— Donald J. Trump (@realDonaldTrump) May 8, 2019
This off-the-cuff incremental remark prompted selling in US equity futures, extending overnight losses…
And the yuan…
And oil prices are also tumbling…
This market is extremely sensitive to trade headlines.
As a reminder, U.S. and China are set to resume trade negotiations only hours before new tariffs take effect that would push the world’s two biggest economies deeper into commercial conflict
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