WASHINGTON (Reuters) – Investors who pushed equity prices sharply lower on Tuesday are grappling with uncertainty over whether U.S. President Donald Trump will strike a deal to avert an escalation of America’s trade war with China, the U.S. Treasury secretary said on Tuesday.
“The market is trying to figure out: ‘Is there going to be a real deal at the end of 90 days or not?'” Treasury Secretary Steven Mnuchin told the Wall Street Journal CEO Council, referring to a 90-day trade war ceasefire agreed by Trump and Chinese President Xi Jinping over the weekend.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.