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Trump insists for a trade deal with China with hopes it would boost the market
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Loading...American president Donald Trump is pushing hard to strike a trade deal with China with the hopes of pushing stock market prices further. The report said Trump is increasingly concerned that the lack of a trade agreement could have a negative impact on the stocks. Trump has taken notice of the market's positive movements as both sides get closer to a deal.
A person familiar with the matter said that Trump watched how American and Asian shares rose following his decision to push back a tariff hike scheduled for March 1.
American stocks had a strong start of 2019, with the S&P 500 rallying more than 11 percent so far. Some part of that rally has been fueled by investors increasing bets that China and the U.S. will strike a trade deal soon. Still, there are growing concerns that a deal won't have an impact on the market, possibly limiting any gains coming from positive trade news.
According to sources China and the U.S. are in the final stages of trade talks that could possibly end this month. They also said the two sides are working on a summit to finish off the trade negotiations.
Worries over the two countries' conflict kept Wall Street on edge for most of last year as investors worried about the impact of it on corporate earnings.
The White House has not commented on the matter so far.
Trader Georgi Bozhidarov Read more:
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