• Equity Markets Higher After Renewed Talk Of Breakthrough In US-China Trade Talks

    March 4, 2019
    No Comments
    Markets Higher After Renewed Talk Of Breakthrough In US-China Trade Talks
    U.S. Trade Representative (USTR) Robert E. Lighthizer, in Washington, D.C., on Dec 17, 2018

    Equity markets around the world are higher this morning on talk of a possible breakthrough in the contentious trade negotiations between Washington and Beijing. Reports are that China has agreed to buy $1.2 trillion in U.S. goods as well as improve its laws regarding forced technology transfer. As always the devil is in the details and markets may well be disappointed once again; however, it does seem as though China and the United States are moving closer to a deal that would be a major win for President Trump.

    Bloomberg reported that a deal is in the works that would include the Chinese lower tariffs across the board on American products and following through on ending forced technology transfer. However, China has made it clear that removing tariffs on Chinese goods immediately is necessary to conclude a deal.

    It seems the sticking point is how America can monitor and enforce China living up to its commitments.

    Markets were slightly higher with S&P futures up single digits and the Dow Industrials up less than 100.


    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
  • Subscribe
    Notify of

    Inline Feedbacks
    View all comments
  • Subscribe to our evening newsletter to stay informed during these challenging times!!