Donald Trump has further dampened expectations of a trade deal with
“Our Trade Deal with
Trump’s comments come one day after he said he was “not satisfied” with the trade talks that have become stressed on the US side by an apparent lack of coordination among administration officials.
According to a New York Times report published on Monday, the strained relationship between the treasury secretary, Steven Mnuchin, and the National Trade Council director, Peter Navarro, devolved into a shouting match in front of Chinese officials on a trip to
The stock markets reacted further to the president’s latest comments, with the Dow Jones dropping 120 points in early trading. In trading on Tuesday, the index dropped 300 points.
Market analyst Capital Economics said in a note that the vague agreement for
“The deal will have little impact on the bilateral deficit with
Accordingly, the paper concluded, “tensions over trade policy will almost certainly flare up again in the coming months”.
Several administration officials were then obliged to walk back optimistic comments that