Donald Trump surprised financial markets today with a pair of tweets showing the trade negotiations with China have hit an impasse. It seems POTUS is bringing in the big guns to help the Chicoms make a deal.
With the tariff rate on numerous goods originally set at 10% and set to more than double in 2019, Trump postponed that decision after China and the US agreed to sit down for trade talks; following Trump's tweet it is now confirmed that trade talks have hit an impasse and that escalation will be needed to break the stalemate, reported Zero Hedge.
Subscribe to our evening newsletter to stay informed during these challenging times!!