12/3/2019

CHINA/ECONOMY/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “After weeks of relative calm and record highs, stocks in the United States fell Tuesday [12-3-19] for the third straight day after President Trump’s comments on his China trade war rattled investors and revived some of the market volatility that has become a signature of the dispute between the world’s two largest economies. Speaking in London, where he was attending a NATO meeting, Mr. Trump hinted that he was ready to wait until after the 2020 election to come to terms with China. During a wide-ranging appearance with Jens Stoltenberg, the NATO secretary general, Mr. Trump tamped down hopes that an agreement would be struck before the end of the year, telling reporters: ‘I have no deadline, no.’ On Wall Street, the remarks sent stocks lower. After falling more than 1 percent in early trading, the S&P 500 recovered a bit to finish the day down 0.7 percent.”

Matt Phillips, “Trump Volatility in Markets Is Back,” The New York Times online, December 3, 2019