Sunday 8 December 2019
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business-standard - 5 days ago

World stocks rattled as Trump says no trade deadline

Global equities mostly retreated Tuesday after US President Donald Trump warned there was no deadline for doing a trade deal with China. The announcement added to trade uncertainty already stoked by the United States reimposing tariffs on Argentina and Brazil, threatening France with steep levies -- and warning China of possible new measures if ongoing talks fall through. Trump, in Britain for a NATO summit, warned that efforts to resolve a trade dispute could wait until after next November s US election. I have no deadline, Trump told reporters upon his arrival. In some ways I like the idea of waiting until after the election for the China deal. Trump s trade war with China and on-again off-again attempts to reach a deal have destabilised markets and stoked geopolitical tensions. The chances of a deal by December 15 just took another turn lower, said analyst Neil Wilson. After weeks of making generally positive noises on a deal being very close, there is a real ...

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