President Donald Trump on Tuesday made some incendiary comments about the prospect of reaching a deal with China. Whether they reflect the U.S. stance or just Trump’s penchant for trying to negotiate a better outcome, remains to be seen.
Here’s what Trump said at a London news conference: “A China trade deal is dependent on one thing — do I want to make it.”
Later, he added: “I have no deadline, no. In some ways, I think it’s better to wait until after the election if you want to know the truth. But I’m not going to say that, I just think that.”
Stock futures turned lower on the remarks, with Dow industrials futures
losing over 100 points.
There is a Dec. 15 deadline before a further tariff increase on Chinese goods is set to be imposed.
lost 268 points on Monday after Trump said he would re-introduce steel tariffs on Brazil and Argentina because their currencies have dropped. Weak manufacturing data also weighed on the market.