White House economic advisor Larry Kudlow said on Tuesday that President Donald Trump is so "miffed" with China over new Hong Kong security laws and other matters that the landmark "phase one" trade deal signed between the two nations in January is no longer a priority to him.
Bloomberg News reported that the Trump Administration is considering sanctions on Chinese firms and officials over the new laws, which have raised concerns about Beijing's control over the city in light of pro-democracy protests. President Trump said Tuesday that there will be an announcement on the matter by the end of this week.
The flare-up of tensions between the two economic superpowers has threatened to dent some of the momentum toward risk assets at the start of the week, as investors cheered economic reopening efforts and multiple reports of progress on coronavirus vaccines.said Congress will "probably" have to pass more legislation to mitigate the economic impact from the coronavirus pandemic. The Kentucky Republican said any new measure to boost the U.S.
And yet the markets keep disconnecting from the real economy. 6 months forward looking my ass. Rigged market
bullish
Gold
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