Home GRASP/China Trump Tries to Calm Global Markets After Stocks Drop Sharply

Trump Tries to Calm Global Markets After Stocks Drop Sharply

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Trump says China planning to resume purchases of US soybeans and natural gas
U. S. President Donald Trump, who rattled global markets Tuesday after declaring himself « a Tariff Man, » predicted in a series of tweets Wednesday the United States and China would negotiate a new trade deal.
Trump said China is planning to resume buying U. S. soybeans and natural gas, which he said confirms his claims that China had agreed to start « immediately » buying U. S. products. »
Trump said he believes « President Xi (Jinping) meant every word of what he said » at their meeting recently in Argentina, including « his promise to me to criminalize the sale of deadly Fentanyl coming into the United States. »
The president’s optimistic comments came one day after stock prices around the world plunged in response to a series of tweets he posted on Tuesday, warning a fragile accord between the two countries could crumble.
Stocks in the U. S., Europe and Asia fell sharply after Trump declared himself « a Tariff Man » who wants « people or countries » with intentions to « raid the great wealth » of the U.

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