China’s economy is performing POORLY; in fact, it is in massive trouble. The Debt/GDP ratio is something out of a horror film and they’ve just cut rates again!
The Trump administration is doing anything it possibly can to feed the goose, and it looks like it keeps on eating the positive progress news regarding the Phase 1 deal with China.
I bet the haters didn’t see this coming!
On Friday, halfway through the trading session, Trump and the Australian Prime Minister, who has been visiting the White House, were answering reporters’ questions, when Donald was asked a couple of things regarding the trade deal: (1) Is he open for an incremental deal? And (2) does it have to be before the elections?
Trump has the ear of the country at this point. Most Americans, even Trump haters, are sitting there wondering why America waited this long to slap tariffs on China.