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December 13, 2019

Trump Signs Off on Phase One of China Trade Deal; Stocks Surge

He's a madman. He's blowing up the world with these trade deals and non-wars.

After months of drawn out negotiations to hammer out the terms of the phase one deal, first announced in October, the news sent the stock market surging to new records: The S&P 500 and Dow Jones Average were both up by around 0.80% on Thursday.
The deal reportedly includes promises by China to buy more U.S. farm goods, Bloomberg reported.

According to a report from the Wall Street Journal, U.S. negotiators have offered to slash existing tariffs, which cover roughly $360 billion of Chinese goods, by 50%.

The U.S. will also cancel the next round of China tariffs, planned to take effect on another $156 billion of Chinese goods on December 15, the report said.

Stocks are a bit up and down today. It's expected that the Brexit victory plus the China deal will bode well for the market.

posted by Ace of Spades at 12:01 PM

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After months of drawn out negotiations to hammer out the terms of the phase one deal, first announced in October, the news sent the stock market surging to new records: The S&P 500 and Dow Jones Average were both up by around 0.80% on Thursday. The deal reportedly includes promises by China to buy more U.S. farm goods, Bloomberg reported. According to a report from the Wall Street Journal, U.S. negotiators have offered to slash existing tariffs, which cover roughly $360 billion of Chinese goods, by 50%. The U.S. will also cancel the next round of China tariffs, planned to take effect on another $156 billion of Chinese goods on December 15, the report said. Stocks are a bit up and down today. It's expected that the Brexit victory plus the China deal will bode well for the market. posted by Ace of Spades at 12:01 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments [/i][/b]andycanuck (hovnC)[/s][/u]: "Maral Salmassi @MaralSalmassi Despite claims made ..." jimmymcnulty: "Are Australian pizzas served upside down. Asking ..." Viggo Tarasov: "Hey, that tweezer thing can really pluck someone u ..." Eromero: "322 German police valiantly confiscating a Swiss A ..." 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