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Market Overview
Trump Predicts Quick Finish to Trade War
The world’s two
largest economics, that of the U.S and China, have blamed each other for the
break down in talks over the trade deal. Now the world economy is waiting for
trade tension to end between the two countries and the matter to come to a
conclusion. The end may be close at hand, according to a statement made by the U.S
President Donald Trump that the trade deal saga with China could wrap up very
soon.
Although the U.S
president did not provide any evidence pointing to the fact during a press conference,
he did say yesterday that “it’s happening, it’s
happening fast and I think things probably are going to happen with China fast
because I cannot imagine that they can be thrilled with thousands of companies
leaving their shores for other places.”
This may be Trump’s opinion but, according
to CNBC, Wall Street is growing more and more concerned that the two countries
will continue to battle out the trade war for a long time to come. The
prediction was formed yesterday after stocks plunged as a result of the two
economies hardening “their positions in a trade war that has made the
technology sector a battleground.”
No further talks are scheduled at the moment.
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