Fanning the flames further of an already escalated Sino-US trade abrasion that had been inflicting deeper wounds into financial markets and pushing global economy closer to a mass-scale recession, US President Donald Trump raised another alarming bell for money markets saying that he was not yet prepared to reach a trade deal with Beijing and had decided not to extend United States’ business relationship with China’s telecommunication conglomerate Huawei Technologies, whiplashing a trembling Wall St.
further with a heavy blow. Nonetheless, despite expressing a strong intent not to extend the United States’ trade relationship with Chinese tech goliaths, US President Donald Trump had added that another round of trade talk might take place earlier on September Besides, while speaking with the reporters in the White House on Friday (August 9th) before departing for a fundraising campaign in the Long Island, Trump said, “We’re doing very well with China.
We’re talking with China. We’re not ready to make a deal - but we’ll see what happens. China wants to do something, but I’m not ready to do anything yet. Twenty-five years of abuse - I’m not ready so fast, so we’ll see how that works out. ”