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NewsBreak: U.S.-China Trade Talks Hit Roadblock Over Agriculture - Report

Published 2019-11-13, 02:12 p/m
Updated 2019-11-13, 02:33 p/m
© Reuters.

Investing.com – Stocks retreated into the red Wednesday afternoon on a report from The Wall Street Journal that U.S. and China trade talks have stalled over agriculture purchases.

  • President Trump previously said China committed to buying up to $50 billion in U.S. soybeans, pork and other agricultural products as part of a phase one trade agreement. But China is unwilling to quantify its farm purchases, denting hopes that the phase one deal will be signed sooner rather than later, the Journal said, citing sources.

  • China is also resisting U.S. demands to make reforms on forced technology transfer, which the Trump administration has previously said would be addressed in future trade deals with Beijing.

Latest comments

Powell's talks on the Fed's lack of wiggle room to cut when the recession hits confirms we are heading into another correction leading into December and most likely as far as Q2 2020. Aurora and Canopy will be reporting earnings at the worst possible time. Indices are about to get cooked. The soon to bleed indices will help drive the last nail in the coffin for cannabis stocks.
Trump's comments yesterday about the Fed cutting rates too slowly confirms he knows the Fed will not cut until 2020. Trump will bring down the indices even more than what we saw this May, in order to persuade the Fed to cut again. No Santa Claus rally this year. Time to sell your equity positions.
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