It shouldn’t come as a surprise from yesterday news that the trade agreement between US and China will likely be postponed until after the US presidential election in November 2020. The idea that Trump himself has conveyed is something that leading market analysts have referred to as the most likely scenario. With all the noise, the apparent position of strength of the American president is something that pleases him with a view to reinforce his popularity with his supporters.
It is no coincidence that when the US-China theme was already beginning to bear so much fruit, Trump decided to revive the issues he had with his South American partners and France. The latter on the pretext of the digital rate that was applied by the country recently. A confrontational move extended to the NATO meeting, with President Trump saying that he would leave early ahead of the usual press conference. Presumably because too many had already taken place during the two days of meetings, but the atmosphere was anything but cordial.
Photo by Maria Oswalt T.
Despite what happened yesterday, today President Trump goes around saying that meetings with China are proceeding well, which has given way to the enthusiasm that has sustained gains almost from the very beginning. However, on Wall Street, we will see what it will look like on December 15, when most tariffs on products imported from China are supposed to take effect.
