President Trump Just Signed a Phase 1 Trade Deal With China: Here's What We Know So Far
The trade war between the U.S. and China has had a huge influence on short-term moves in the stock market for more than a year now. Whenever either of the two countries imposed new tariffs on trade goods, markets often responded negatively. Conversely, taking away tariffs got positive responses from investors, as did signs that the two nations might be closer to reaching a more comprehensive deal. The rally in the stock market since mid-December has come largely from expectations that the Phase 1 agreement that President Trump just signed would be an important step forward in U.S.-China relations.
We're just now getting some details about what exactly is in the agreement. Although it doesn't cover all the areas on which the two nations disagree, it nevertheless has a lot of promise and addresses a wide range of issues that could have positive impacts on the economies of both the U.S. and China.
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Source Fool.com
