How Will a Trade Deal after the US Presidential Election Affect Global Trade?
ECONOMY / K. Venkateshwar Rao 11 DECEMBER 2019 From the US, policy of no limit to prosperity and broadly shared prosperity to the era of import tariffs imposed by US President Donald Trump on China, Brazil, and Argentina indicate that the US is hell-bent on rattling the global economy for its benefits. US President Donald Trump announced that a trade agreement with China might have to wait until the US presidential election in November 2020, which means the trade war could drag on until 2021. The US president’s quote “I have no deadline” has dashed all hopes of a solution to the trade dispute that has severely impacted the global economy. In the hope of a deal, investors pumped billions of dollars in the share market, but Trump’s quote came as a rude shock to the investor’s community across the globe. With Trump’s comments, European share prices, US stock futures, and the Chinese Yuan currency fell, causing jitters in the business community. According to ...