World stocks rattled as Trump says no trade deadline
London, Dec 3 (AFP/APP): Global equities mostly retreated Tuesday after US President Donald Trump warned there was no deadline for doing a trade deal with China. The announcement added to trade uncertainty already stoked by the United States reimposing tariffs on Argentina and Brazil, threatening France with steep levies — and warning China of possible new measures if ongoing talks fall through. Trump, in Britain for a NATO summit, warned that efforts to resolve a trade dispute could wait until after next November’s US election. “I have no deadline,” Trump told reporters upon his arrival. “In some ways I like the idea of waiting until after the election for the China deal.” Trump’s trade war with China and on-again off-again attempts to reach a deal have destabilised markets and stoked geopolitical tensions. – ‘Another turn lower’ – “The chances of a deal by December 15 just took another turn lower,” said Markets.com analyst Neil Wilson. “After weeks of making generally positive noises on a deal being very close, there is a real sense now that a deal is not so very near at all and markets need to reprice,” Wilson added. As recently as last week Trump boasted that he … Continue reading World stocks rattled as Trump says no trade deadline
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