Trade War Update: Complications In Trade Talks

Nov 14,2019

Media reported on Wednesday that US and China trade talks are currently facing a drawback over US farm purchases by China, just after recent comments on both sides having to reach consensus. Previously, US President Donald Trump stated this week that he is more than willing to sign the deal with China, provided that the agreement benefits US workers.

Tensions between the two economic powerhouses worsened following the drawback, with China feeling that the deal, being too one-sided in favor of the US. The reports raised concerns as President Trump previously threatened to raise tariff substantially on Chinese imports if an agreement is not reached.

The signing of the phase one trade deal was previously scheduled to happen later this month. However, both sides are unable to provide explicit confirmation on the venue and date. Adding-on with recent trade complications, the market is even more uncertain than before, spiraling skepticism towards the abilities of both sides to reach a deal anytime soon.

News on trade war now plays a significant role in driving financial markets as uncertainties grew amid mixed signals, with most of the Forex markets traded in a consolidating phase. Any updates on the trade war from both sides are expected to bring a substantial impact onto the market, as participants are seeking further confirmation to invest for the long-run.

Previous article: RBNZ Counter-Intuitive Decision Shocks The Market

Next article : Trade Pessimism Tilted The Commodities Market

Trade War Update: Complications In Trade Talks

MAIL