US China Business Council: A Deal Is Coming (But It Will Be Small)

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US China Business Council: A Deal Is Coming (But It Will Be Small)

With just minutes left until the close, traders were desperate for hints whether there will be a thumbs up or thumbs down overnight into tomorrow’s trade negotiation deadline. And moments ago it appears they got it when the VOA’s Steve Herman quoted the US-China Business Council’s Doug Berry that a US-China trade deal is coming, although it “is going to be smaller than some people had hoped.” Still, as Barry says, “a deal of any kind is more than a lot of skeptics have felt.”

Of course, if Trump opts for a purely optical package, one which doesn’t address any of the core issues in the US-China feud, the move higher in risk will be brief and shallow, perhaps similar to this…

US China Business Council: A Deal Is Coming (But It Will Be Small)

… and will reverse quickly as there have been numerous such “ceasefires” in the past which lasted at most a few weeks.

For now, however, it will do and allow Trump to boast, however briefly, that he has a deal. At least until China pisses him off again, and he desperately needs a foreign diversion at which point the war can begin afresh.

 


Tyler Durden

Thu, 10/10/2019 – 15:56

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Author: HEDGE

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