CHINA/ECONOMY/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump said Friday [8-9-19] he was not ready to strike a trade deal with China and indicated the next round of talks might not take place as scheduled in early September — raising new doubts about the future of the negotiations and stoking uncertainty on Wall Street…The Dow Jones Industrial Average fell more than 250 points, or around 1 percent, following Trump’s comments, before recovering slightly. As of 1 p.m., the broader S&P 500 index was also down about 1 percent for the day. Speaking to reporters outside of the White House, Trump also said the administration would not grant licenses for U.S. companies to resume certain types of transactions with blacklisted Chinese telecommunications giant Huawei. Trump has directly connected the administration’s treatment of the company to the broader trade talks. Industry sources told POLITICO that the U.S. easing up on Huawei would likely only happen if China agreed to resume purchases of U.S. agricultural goods.”
–Arren Kimbel-Sannit and Megan Cassella, “Trump suggests September trade talks with China may not take place,” Politico, August 9, 2019 1:03 pm