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Asian markets tick up after Trump tweets but uncertainty remains


Added 05-14-19 11:04:02pm EST - “A series of tweets by Donald Trump playing up the chances of a trade deal with China provided a much-needed boost to Asian equities Wednesday but investors trod cautiously as analysts warned of more volatility to come. After more…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Asian markets tick up after Trump tweets but uncertainty remains”. Below is an excerpt from the article.

Hong Kong (AFP) - A series of tweets by Donald Trump playing up the chances of a trade deal with China provided a much-needed boost to Asian equities Wednesday but investors trod cautiously as analysts warned of more volatility to come.

After more than doubling tariffs on $200 billion of Chinese goods last week -- sparking a retaliation from Beijing -- Trump has threatened to hit a further $300 billion with more levies if he does not get his way in high-stakes talks.

However, in a series of tweets Tuesday the president gave markets some hope that a deal between the economic titans will eventually be struck with his counterpart Xi Jinping.

"When the time is right we will make a deal with China", he wrote, adding that his "respect and friendship with President Xi is unlimited".

He went on to say: "We can make a deal with China tomorrow, before their companies start leaving so as not to lose USA business" and called on the Federal Reserve to "match" whatever the Chinese central bank does to support the US economy.

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