Between Trump appearing to walk back his more aggressive earlier tweet, telling reporters that “we're working a deal with China, but I wouldn’t say up until now they’ve loved me," and comments from CNBC China's Eunice Yoon, stocks have given back a large chunk of earlier gains...
Reports of US offer on #trade deal causing stir tonight in Beijing. One Chinese expert tells me he thinks Chinese side would continue to push back on agreeing to hard targets on “super huge” agricultural purchases even with Trump offer to reduce tariff rates. https://t.co/Eg81kJWzFz— Eunice Yoon (@onlyyoontv) December 12, 2019
Doesn't sound so "Deal is close" after all eh?
Now where have we seen this before?
"China talks are going very well" - Trump, 12/7/18— Carl Quintanilla (@carlquintanilla) December 12, 2019
"We're getting into the final laps" - Mnuchin, 4/29/19
"We are coming down to the short strokes" - Kudlow, 11/15/19
"Getting VERY close to a BIG DEAL" - Trump, 12/12/19