Late on Friday, the 9th of November 2019, adding further strains on to an already escalated Sino-US trade spat entering into its sixteenth month, US President Donald Trump told that he could not be on the same page with some of his trade negotiators to ward off China tariffs on separate phases, pouring cold water over fresh optimisms of tariff rollback after spokesman from both White House and Chinese Commerce Ministry had told that the leading negotiators of Sino-US trade talk had reached an accord to pull off tariffs inclined on each other’s goods in phases.
In point of fact, Trump’s comments late on Friday (November 9th) had not only raised an alarming bell over possibilities of a debarkation of an interim trade deal as expected by mid-November, also had dragged down global equity indices from their multi-month peaks, while Wall St.
retreated from its all-time-high on Friday (November 9th) and the European stocks were heaved down of their four-year-peak. Meanwhile, adding that China was looking to a trade deal more than he did and the China tariffs were manoeuvring millions of dollars into the US coffers, Trump said late on Friday, the 9th of November 2019, “China would like to get somewhat of a rollback, not a complete rollback, ‘cause they know I won’t do it. I haven’t agreed to anything. ”