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The China 'Deal'

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  • The China 'Deal'


    As part of a cease-fire deal on Friday, China agreed to buy up to $50 billion in US farm products, while the US said it would suspend a tariff increase on $250 billion worth of Chinese imports that was set to take effect Tuesday. – CBS News

    Yet those agreements have not been put on paper by either side. Early Monday, Treasury Secretary Mnuchin confirmed the preliminary pact was "subject to documentation." The US could still slap additional import taxes on virtually all imports from China in December. – Business Insider

    US stocks closed slightly lower Monday as investors worried the pact would not lead to significantly lower trade barriers or foster global economic growth in the near term. –


    President Donald Trump was quick to tout the U.S.'
    verbal agreement with China on trade
    as a major win, especially for American farmers. But a deal isn't over the line, while experts say the pact falls well short of a breakthrough in altering trade relations with the Chinese government.


    Wall Street loves details and numbers. And when Wall Street doesn’t get the nitty gritty from management teams and politicians, it will often loudly voice its displeasure — usually by dumping stocks.
    We are not now that strength which in old days
    Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
    Made weak by time and fate but strong in will
    To strive to seek to find and not to yield.

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