FAST FIVE: Trade Talks Back On: Here's Why China Canceled Its Trip To Montana And Nebraska
Trade Talks Back On: Here's Why China Canceled Its Trip To Montana And Nebraska With traders and algos expecting a calm quad-witching Friday, which was pinned by billions in option orders at SPX 3,000, stocks slumped in the afternoon following reports that trade talks with China had derailed once again, when first Trump said that he wasn't looking to do a partial, agri-focused deal, followed by reports that China had canceled its trips to Montana and Nebraska, telegraphing that yet another major hurdle had emerged ahead of the October senior level trade talks.
“These discussions were productive, and the United States looks forward to welcoming a delegation from China for principal-level meetings in October,” the statement said.
So SPX goes back to 3050 where Trump announces 100% tariffs on all China imports then plunges to 2800 and Trump says all tariffs are delayed.
Repeat as necessary – zerohedge (@zerohedge) August 19, 2019 The two sides have nonetheless undertaken a series of small, confidence-building trade measures in the past two weeks.
Each side has removed tariffs from a series of items, like Christmas tree lighting sets from China and pork from the United States.