Tags: mnuchin | investors | china | trade

Mnuchin: Investors on Edge Over China Trade Deal

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Tuesday, 04 December 2018 02:57 PM

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.

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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.
mnuchin, investors, china, trade
92
2018-57-04
Tuesday, 04 December 2018 02:57 PM
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