President Trump denied that he is under a deadline to reach a preliminary trade deal with China but acknowledged that negotiations are at an important stage as both countries face another round of tariff escalation scheduled to take place on Dec. 15
President Donald Trump denied that he is under a deadline to reach a preliminary trade deal with China but acknowledged that negotiations are at an important stage as both countries face another round of tariff escalation scheduled to take place on Dec. 15.
Stocks could drop even further if Trump goes through with plans to hit almost all remaining imports from China, roughly $160 billion worth of goods, risking a repeat of last December's market plummet. Still, Trump's deputies this week supported his leverage tactics, including waiting out a deal until after the election and downplayed how much another round of tariffs would hurt markets.
The injection of new uncertainty over the timing of a deal comes a week after Trump and his senior advisers gave out positive signals that an agreement would be clinched soon.
France Dernières Nouvelles, France Actualités
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