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Markets rise and fall after U.S. Cancels Tariffs, Treasury Bond falls below rate

Markets rise and fall after U.S. Cancels Tariffs, Treasury Bond falls below rate | TDF Ep 4

ALL U.S. MARKETS CLOSED UP HIGH YESTERDAY AFTER THE TRUMP ADMINISTRATION DECIDED TO TEMPORARILY PUT OFF OR PERMANENTLY REMOVE TARIFFS ON SELECT CHINESE PRODUCTS, WHICH IS LEADING INVESTORS TO FEEL HOPEFUL THE U.S. AND BEIJING COULD REACH A RESOLUTION IN THE NEAR FUTURE. THE TARIFFS WERE ORIGINALLY SCHEDULED TO BE IMPLEMENTED ON TUESDAY, AUGUST 13, AND WERE DELAYED BY THE UNITED STATES TRADE REPRESENTATIVE OFFICE, WHICH CITED CONCERNS THESE TARIFFS WOULD AFFECT THE OVERALL NATIONAL SECURITY AND WELLBEING OF THE COUNTRY. 

AS FOR DIALOGUE, CHINESE COMMERCE OFFICIAL VICE PREMIER LIU HAS SPOKEN OVER THE PHONE WITH BOTH  U.S. TRADE REPRESENTATIVE ROBERT LIGHTHIZER AND TREASURY SECRETARY STEVEN MNUCHIN ABOUT THE TARIFF DELAY. THE HIGH-RANKING OFFICIALS BOTH PLAN TO SPEAK TO EACH OTHER IN THE COMING WEEKS ABOUT WHEN THEY CAN EXPECT SOME OF THE TARIFFS COULD BE IMPOSED. A FULL CHECK ON HOW THE MARKETS CLOSED YESTERDAY, AND HOW THEY PLAN TO OPEN TODAY AT THE END OF THIS EPISODE. 

Jay Doherty

2019

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Jay Doherty, Jr. 2019. All rights reserved.
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