What a ‘no-deal’ U.S.-China commerce state of affairs would imply for shares and bonds
Think about there’s no commerce deal and that the U.S.-China battle is left to rumble on via most of subsequent yr as a substitute.
That state of affairs is one which stock-market members should now debate as equities tumbled Tuesday after President Donald Trump indicated he’s in no hurry to finish any accord with Beijing and that it is perhaps finest to attend till after subsequent yr’s presidential election.
Trump, talking in London, said he had no deadline for completing long-running U.S.-China trade talks. “In some methods, I believe it’s higher to attend till after the election if you wish to know the reality. However I’m not…