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China trade truce before US election may falter afterward

Added 12-03-19 02:04:02pm EST - “Business leaders have chafed under the duties, which have driven up supply costs and undercut the benefits of large tax cuts in late 2017.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “China trade truce before US election may falter afterward”. Below is an excerpt from the article.

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Wells Fargo Investment Institute President Darrell Cronk discusses market strength despite trade uncertainty.

The stars are aligned for a "skinny" trade deal between the U.S. and China, thanks to slowing growth in both nations and a looming election in the U.S. that will test Washington's resolve on billions of dollars in tariffs that pinch businesses and consumers, Bank of America economists predict.

"It's natural that there are serious negotiations going on right now," Ethan Harris, chief global economist at the Charlotte, N.C.-based lender, told reporters on Tuesday. "The Trump administration has a strong incentive to do some kind of deal."

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