U.S. President Donald Trump said on Wednesday that trade talks with China were going “very well,” sounding more positive than on Tuesday when he said a trade deal might have to wait until after the 2020 U.S. presidential election.
“Discussions are going very well and we’ll see what happens,” Trump told reporters said at a meeting of NATO leaders near London.
His comments on Tuesday, which raised the prospect of a long extension of the trade tensions between the world’s biggest and second-biggest economies, pushed down share prices sharply around the world.
Stocks rebounded on Wednesday when Bloomberg reported that the two sides were closer to agreeing how many tariffs would be rolled back in a “phase one” trade deal.
Investors fear that the U.S.-China standoff, which has marked Trump’s presidency since it began in 2017, will add to the slowdown in the global economy.
Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.
Smarter Decisions with Smart News
Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.