Start United States USA — Financial Trump Touts ‘Strong Signals’ from Xi as Trade Fears Return

Trump Touts ‘Strong Signals’ from Xi as Trade Fears Return


The president expressed optimism about a deal after his tariff threats roiled markets.
President Trump tried to calm global markets and ease concerns that his trade truce with China was already floundering on Wednesday, declaring in a series of tweets that the Chinese government has sent “very strong signals” since Mr. Trump reached an accord with Chinese President Xi Jinping in Argentina last week.
Confusion about what Mr. Trump and Mr. Xi actually agreed to at their meeting, combined with Mr. Trump’s declaration on Tuesday that he was a “Tariff Man,” roiled global markets on Tuesday, ending a brief rally that began on Monday after the two governments announced a 90-day truce.
While markets in the United States were closed on Wednesday to honor the death of former President George H. W. Bush, Mr. Trump used the opportunity put a more positive spin on his negotiations with the Chinese.
“Not to sound naive or anything, but I believe President Xi meant every word of what he said at our long and hopefully historic meeting,” Mr. Trump wrote in a post on Twitter.

Continue reading...