Trump’s trade tweets not only threatened Asian markets this week but invited China to come save the day with a surprising and unorthodox message of trust
|12/06/2018||Posted by BusinessMediaguide.Com under General World News||
- China’s reticent Ministry of Commerce (MOFCOM) intervened in declining Asian markets Wednesday, with a surprise message of trust, during the increasingly opaque trade war truce supposedly delivered at the G20 leaders summit in Argentina.
- That stands in pretty stark contrast to the volley of Tuesday tweets from President Donald Trump that smacked Wall Street and sapped confidence in the US-China trade deal.
- But just as Asian markets began to retreat due to Trump’s tweets and Beijing’s silence, MOFCOM released an unconventional statement essentially stating its confidence in a trade deal for the first time, saying “the sooner the better.”
- China commentator Bill Bishop read more >>>