https://www.scmp.com/news/china/dipl...ald-trump-says
Well, the serial liar has been well and truly caught this time round so expect a down day tomorrow for US markets.
Looks like China is happy to call his bluff and bluster 'negotiating' tactics which unfortunately means no market stability or bottoming out until Trump is out of office.
China will ride this shyster out as it will not allow a repeat of the 100 years of humiliation by the West & Japan. Can Americans do without their cheap China consumer goods, funded by borrowings and produced by the sweat and toil of other people?
Take 1 : "Markets jumped when Trump said on Monday that China called “our top people” – the US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin – on Sunday evening to “get back to the table” to negotiate to resolve the two countries’ year-long trade war"
Take 2 : "But there has since been no sign of progress on that front and the Chinese foreign ministry again said on Tuesday that it was not aware of the phone calls over the weekend. “I have not heard of that,” foreign ministry spokesman Geng Shuang said when asked about the call."
Take 3 : "Dow down 5% tomorrow?"
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