Trump's aggressive, mixed signals on China whiplash Wall Street

Reuters | August 27, 2019

Trump's aggressive, mixed signals on China whiplash Wall Street
President Donald Trump’s aggressive stance and often mixed signals in his trade war with China are taking a toll on the shares of U.S. companies that are most reliant on the world’s second largest economy. U.S. stocks rose more than 1% on Monday after Trump predicted a U.S.-China trade deal following remarks by Vice Premier Liu He, who has been leading the talks with Washington, that China was willing to resolve their dispute through “calm” negotiations. On Friday, the S&P 500 tumbled 2.6% after Trump announced an additional duty on some $550 billion of Chinese goods in retaliation for Beijing’s announcement of more tariffs of its own earlier in the day. Trump also sent a tweet demanding U.S. companies seek alternatives to doing business with China, but appeared to back off the threat on Sunday.

Spotlight

This report is a deliverable of the U.S. Department of Energy’s (DOE) Solar Energy Technologies Program Public Utilities Commission Technical Assistance Program.

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GOVERNMENT BUSINESS

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Spotlight

This report is a deliverable of the U.S. Department of Energy’s (DOE) Solar Energy Technologies Program Public Utilities Commission Technical Assistance Program.