Stocks, Yuan Tumble After Trump Says “China Broke The Deal”

Fight Censorship, Share This Post!

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.”

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

This post has been republished with implied permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Fight Censorship, Share This Post!

Read the original article.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.