On Tuesday, the 3rd of September 2019, US President Donald Trump appeared to be jawboned to ink a trade deal on US terms as the US President had again raised alarms over Beijing’s casual approach towards next round of trade talk reiterating that he would impose tougher restrains on China including higher tariffs if latest round of trade talk dragged on, while global financial markets seemed to be bracing for a US recession in a near-term outlook amid an ongoing Sino-US trade disputes entering into its second year.
In point of fact, upping the antes of a tit-for-tat tariff war, the world’s first- and second-largest economies had inclined fresh tariffs on each other’s goods on last Sunday (September 1st), remarking a stringent move aimed at squeezing a trade deal out of Beijing on White House’s terms, while money markets across the globe got unsettled and weighed on the possibilities of a recession on US economy.
If truth is to be told, despite a strong protests from Republican lawmakers against arguments that the US economy might have been headed towards a recession, recent economic data had begun to cement the way for a withering outlook for US economy, though, ignoring the extent of negativity inside latest US economic data, Trump ratcheted up trade tensions further later on Tuesday (Sept.
3rd) saying, “Deal would get MUCH TOUGHER! In the meantime, China’s Supply Chain will crumble and businesses, jobs and money will be gone. ”