Beijing strategy now to talk but wait due to impeachment, US election

Beijing strategy now to talk but wait due to impeachment, US election

Mood in Beijing about #trade deal is pessimistic, government source tells me. #China troubled after Trump said no tariff rollback. (China thought both had agreed in principle.) Strategy now to talk but wait due to impeachment, US election. Also prioritize China economic support.
— Eunice Yoon (@onlyyoontv) November 18, 2019

Added at 7:38am

Mood in Beijing about trade deal is pessimistic, government source tells CNBC

From cnbc.com

The mood in Beijing about a trade deal is pessimistic due to President Donald Trump’s reluctance to roll back tariffs, which China believed the U.S. had agreed to, a government source told CNBC’s Eunice Yoon. The U.S. and China agreed to work on a limited “phase one” trade deal in early October. China has pushed for a removal of the additional duties imposed on each other’s products in different phases, as part of the deal. Chinese Commerce Ministry spokesperson Gao Feng said earlier this month the two sides have reached an agreement on the tariff rollback. However, Trump said last week he has not agreed to ...

Comments / Top
Subscribe

echo1

Nov 18, 2019 7:24am

Permalink

cue manipulation complaints =)

ww3361

Nov 18, 2019 7:37am

Permalink

Quoting Vancarbon

Disliked

Strategy now to talk but wait due to impeachment, US election. Also prioritize China economic support. If true . No deal then . If true

Ignored

There will be no deal. Really don't get the deluded optimism that's been in the markets since summer.

Tony112

Nov 18, 2019 8:11am

Permalink

I reversed all my trades to SHORT

Nov 18, 2019 7:24am

#XAU lets play it

Nov 18, 2019 7:35am

Mark my word, no deal before US election, or never.

Vancarbon

Nov 18, 2019 12:37pm — Edited

Permalink

It's becoming pretty apparent that any negative news unlike the August/September periods is now being ignored . This news would have taken 1000 from the Dow and 100 SP .

The Fed have lowered 0.25% and started FOMO since , which is apparently supporting the markets as they believe the Fed has their back . I'm not convinced there's much further upside going into an election year and expect a sharp correction (10-20%)not crash within the next quarter . The question is where/when does that correction start from .

fxsport

Nov 18, 2019 8:55am

Permalink

Quoting mrlfx

Disliked

Now will trump put the dec planned tariffs on the remaining 350 billions ? It's getting interesting and those tariffs if put are really the ones that will be painful for american consumers.

Ignored

Excellent point - personally I think Trump will NOT enact those - especially with hearing continuing....

afevir

Nov 18, 2019 7:31am

Permalink

Attached Image (click to enlarge)

Click to Enlarge

Name: de-2.jpg
Size: 109 KB

afevir

Nov 18, 2019 12:12pm

Permalink

The "phase one" trade agreement between China and the United States faces a series of barriers, including disagreements about the amount of US agricultural products that China has to buy and the protection of intellectual property, according to Chinese observers.

kingleeny

Nov 18, 2019 7:34am

Permalink

looking at all this market sentiment back and forth...actually now i know why GBP has been on fire...First one to act and others just following. British has a hardtime with EU. now the 2 biggest economy fighting?? sure lets get a deal done overnight...nobody has a clue how to solve this mater...just going with it until someone dies first.

smctrader

Nov 18, 2019 7:52am

Permalink

There was never going to be a deal.

There never will be a deal.

raklian

Nov 18, 2019 7:55am

Permalink

Quoting Tradester

Disliked

...and the US can counter this stance with waiting until the unrest in Hong Kong is resolved in a peaceful manner...

Ignored

It's going to have the same effect. It tells us there is there is less chance of a trade deal.

Lante

Nov 18, 2019 8:17am

Permalink

Mr. Xi can wait as long as necessary, Mr. Trump has only 1 year left.

Nov 18, 2019 7:37am

Nov 18, 2019 9:18am

what's mean margin call? app says margin good or no? I call tech support balance say 1$

swing77

Nov 18, 2019 7:52am

Permalink

Mr. Kudlow are listen???????? so lets see the rain

Inserted Video

swing77

Nov 18, 2019 8:46am

Permalink

Quoting asmadi78

Disliked

{quote} LOL

Ignored

small ice cream

Attached Image (click to enlarge)

Click to Enlarge

Name: GOLDH1.png
Size: 53 KB

Vancarbon

Nov 19, 2019 3:41am

Permalink

Buy at any price .

The bubble keeps inflating .

We're getting close to the reversal

afevir

Nov 18, 2019 8:53am

Permalink

Attached Image (click to enlarge)

Click to Enlarge

Name: borra.jpg
Size: 129 KB

Skracor247

Nov 18, 2019 8:56am

Permalink

I no longer care which news anchor/analyst is reporting these things. If it is not a direct quote of a high up official I don't pay any attention.

CNBC can close down for all I care.

asmadi78

Nov 18, 2019 7:52am

Permalink

Quoting swing77

Disliked

hmmmm NOW for ice cream {image}

Ignored

LOL

asmadi78

Nov 18, 2019 10:43am

Permalink

Quoting Tony112

Disliked

what's mean margin call? app says margin good or no? I call tech support balance say 1$

Ignored

You need to buy more and more,lols

Hokage-Sama

Nov 18, 2019 7:26am

Permalink

Since when did Trump say that there's a "No tariff rollback"?

smctrader

Nov 18, 2019 8:13am

Permalink

Makes sense....any trade deal that China signs ahead of the election, will be characterized by Trump during his campaign speeches for the next 11 months as the greatest thing ever for the US, and how defeated the red dragon, etc, etc....it will kill China's image on the global economic stage....why not just take a wait and see approach if you are China. Especially now that there are impeachment hearings going on.

NotBoris

Nov 18, 2019 8:44am

Permalink

Good strategy of China!

Let the sleeping dog lies......

echo1

Nov 18, 2019 7:54am

Permalink

Quoting smctrader

Disliked

There was never going to be a deal. There never will be a deal.

Ignored

bold statement, I never knew anyone can look into the future.

Tradester

Nov 18, 2019 7:52am

Permalink

...and the US can counter this stance with waiting until the unrest in Hong Kong is resolved in a peaceful manner...

Nov 18, 2019 7:47am

Stop loss hit

Nov 18, 2019 8:16am

sell US100CASH NOW!!!!!!!!!!!!!!!!!!!!

bernardo_h

Nov 18, 2019 7:30am

Permalink

Market Manipulation mode ON

Nov 18, 2019 7:30am

What a era,lol.

Nov 18, 2019 7:36am

Now will trump put the dec planned tariffs on the remaining 350 billions ? It's getting interesting and those tariffs if put are really the ones that will be painful for american consumers.