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

Reuters | August 27, 2019

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

The Center for Digital Government (CDG) surveyed 318 state and local government IT employees and conducted nine additional telephone interviews to compile this timely report. CDG uncovers interesting insights into the public sector’s network-related priorities and their challenges now and for the future, including the factors driving these agencies to re-evaluate their current infrastructure. Download the full report to learn more.

Spotlight

The Center for Digital Government (CDG) surveyed 318 state and local government IT employees and conducted nine additional telephone interviews to compile this timely report. CDG uncovers interesting insights into the public sector’s network-related priorities and their challenges now and for the future, including the factors driving these agencies to re-evaluate their current infrastructure. Download the full report to learn more.

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