US-China trade agreement uncertainty

US-China trade agreement uncertainty
Two days ago, it was thought that in the G-20 meeting in Argentina, US President Donald Trump and Chinese President C China Ping, instead of continuing a trade war between the two countries, had announced a temporary break in the market, there would be relief in the market. Came here But the situation changed in 48 hours. After the dramatic collapse of the New York Stock Exchange on Tuesday, the suspicion is, how real is the deal, how much Donald Trump's imagination?

Every market expert agreed that the uncertainty of the China-US trade agreement is behind the 2 to 3 percent fall in the index. After the meeting in Argentina, Trump said that the extra tariff for Chinese import is scheduled to start from January 1, which has been postponed for the next 90 days. During this time, the two countries will try to reach consensus on trade issues. Trump further said that China would immediately buy additional agricultural products from the United States and reduce the taxes imposed on the vehicles manufactured in the United States.

But if there is a genuine agreement or not, then there are doubts from which the two parties have agreed on some questions. There is no mention of the 90-day deadline in which China officially discloses the details of the agreement between the two leaders. China will reduce the duty on imported cars from the United States or buy large quantities of agricultural commodities from the United States, there is no mention of it.

Trump said in a series of tweets yesterday that the two countries will end their trade talks within the stipulated time. And if it does not, then he will not hesitate to impose his promised tariff on Chinese imports. He also described himself as a 'Tariff Man' in a tweet. Experts say that after the threat of trump related to duty, the stock market volatility started, leading to more than 800 points of the Dow Industrial Average collapsing at the end of the day. It is also said that the intensity of this fall is so huge that economic crisis is coming back to any part of the society.

Revenue Minister Steve Minsin said in response to Wall Street Journal's questions, "The uncertainty about the trade agreement with China due to the current unrest in the market." He said, it can be said only if the deal is possible within 90 days. Minsin claimed that both sides reached specific agreements in different areas. But what those fields are, he could not explain it very clearly. On the question of this trade agreement, the question is that the 90-hour-long thorns will start from where the whole thing is so muddy that the uncertainty did not set. At first the White House said that the thorns started from 1 December. But Trump's adviser Larry Caddo said on January 1 next. However, this date is confirmed on December 1. Eprothomalo

Trump said, Robert Light Haeger, known as conservative and anti-China on trade, will lead the trade talks with China. Light hazier disagreements over China's trade with Commerce Minister Ulbur Ross or Revenue Minister Minhshin From this appointment, the trump is going to take an unmatched position in the forthcoming conversation.

After a meeting with the Chinese leader in Argentina, the trump announced that an 'extraordinary' agreement was acquired between the two parties. But there was unrest in the stock market, to clarify the fact that nothing has happened in reality. Robert Pilsbery, a consultant to Trump, told the website Acsios that he was worried about the 90-day deadline that the trump might not be able to achieve. Pillsby warns that everything may fall apart.