Proper U.S.-China trade deal more important than timing: U.S. Commerce chief

NEW YORK - U.S. Commerce Secretary Wilbur Ross on Tuesday rejected any deadlines on a trade deal with China and launched a fresh attack on telecoms giant Huawei, further dimming hopes for an end to a 17-month trade war that has slowed global growth.

Trump, speaking in Europe on Tuesday, said an interim trade deal with China could slip until after the U.S. presidential election in November 2020, sending financial markets lower. Final approval would be up to Trump and Chinese President Xi Jinping, Ross noted. “We get to recommend. We don’t get to be the final decision maker.”

“There already has been a tariff war. The only thing is we haven’t been defending ourselves. We’ve been accepting the lopsidedness of things,” he said. “We’ve been having negotiations with the individual companies. We’ve had some very good benefits from that,” Ross said. “It may or may not turn out that there is any need for the tariff.”

Sychopants constantly justifying Pres.Trump's impulsive non-strategical 'policies' nonsense.

Does China’s reluctance to deal due to their view that Trump will lose re-election? Possible.

The wealthy people sure aren't in any hurry to end the war.

There are 7.7 billion people in the world. Excluding 1.4 billion Chinese people, you still can get 6.3 billion people to trade with that can respect freedom and human rights CCP is a threat to the world. Unless you want to loose your freedom under Communist domination

Right! Leave the tricky task to the successor

Let’s not be stupid. They’re waiting til a month before the election so they can ride the Dow bump....

America will end up worse off than when we started and will have lost most of our major crop supply chains. With FauxNews hiding this devastating reality from their viewers, Trump supporters will remain completely in the dark and shielded from the truth.

MrBoneSpur is jerking the market around with his tweets about the China trade talks on again or off again to help his friends to sell short or long on the rise and fall of the markets. 🍑 the 💩

He woke up?

why, so he can maximize his profits?

He was awake long enough to put that many words together? Wow.

Oh, he just woke up. Too bad.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Treasury yields move higher ahead of auctionsU.S. government debt prices were lower Monday morning as traders monitored U.S.-China trade talks.
Source: CNBC - 🏆 12. / 72 Read more »

Latest News - MarketWatchWilbur Ross: Trump will up tariffs if China and U.S. fail to make trade deal Lolz This is old bullshit Guess the folks at Marketwatch are just reporting old news! Get a life
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S.-China trade deal possible before end of year: White House adviserYeah funny they keep saying it's coming, a trade deal. I don't believe one thing out of this administration mouth, and really don't believe Kellyanne
Source: YahooNews - 🏆 380. / 59 Read more »

Stocks go up, stocks go down. Been that way since the beginning.
Source: USATODAY - 🏆 100. / 63 Read more »

Many firms have no contingency plans should U.S.-China trade war worsen: DHL surveyAs the U.S.-China trade war drags into its 16th month and continues to disrupt s... Do it then. Prepare for the fall of Communist China Decouple simple. stop doing business with unreliable partners.
Source: Reuters - 🏆 2. / 97 Read more »

5 things to know before the stock market opens TuesdayU.S. stock futures were pointing to a lower open after President Trump said it might be better to wait until after the 2020 election to strike a trade deal with China.
Source: CNBC - 🏆 12. / 72 Read more »