White House intensifies confusion and fear on US-China deal

[Yo_Mama_Been_Loggin]

WASHINGTON — The Trump administration raised doubts Tuesday about the substance of a U.S.-China trade cease-fire, contributing to a stock market plunge and intensifying fears of a global economic slowdown.

Investors had initially welcomed the truce that the administration said was reached over the weekend in Buenos Aires between Presidents Donald Trump and Xi Jingping — and sent stocks soaring Monday. But on Tuesday, after a series of confusing and conflicting words from Trump and some senior officials, stocks tumbled, with the Dow Jones sinking as much as 800 points.

White House aides have struggled to explain the details of what the two countries actually agreed on. And China has not confirmed that it made most of the concessions that the Trump administration has claimed.

"The sense is that there's less and less agreement between the two sides about what actually took place," said Willie Delwiche, investment strategist at Baird. "There was a rally in the expectation that something had happened. The problem is that something turned out to be nothing."

https://www.msn.com/en-us/news/world/white-house-intensifies-confusion-and-fear-on-us-china-deal/ar-BBQsvVS?li=BBnb7Kz

[matt819]

1. Is he just a stupid, lying motherfucker...

Or is he deliberately moving markets for gun and profit?

[Ms. Toad]

3. Lucy and the football.

Charlie Brown needs to learn.

"There was a rally in the expectation that something had happened. The problem is that something turned out to be nothing."

[Andy823]

2. Pretty much says it all

"The problem is that something turned out to be nothing."

Sounds like the story of trumps life!

[unblock]

4. For eight years the business media raised against "uncertainty" when obama was president

After he stabilized the economy the aca passed, it quickly became the most stable and predictable environment ever. Gridlock in washington is sucky, but predictable and stable.

This administration is a nightmare of uncertainty. The whole tariff nonsense is a manufactured crisis, and the last two have been uncertainty for the sake of uncertainty.

But the business media never says Donnie is worse than obama, or even that there's a whiff of "uncertainty" now....