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Dow Futures Point to Fresh Record Highs as Bulls Ride U.S.-China Trade Pact
the street.com ^ | January 16, 2030 | Martin Baccardax


Posted on 01/16/2020 2:57:29 AM PST by John W

Wall Street futures edged further into record high territory Thursday, while global stocks returned to all-time highs, as investors reacted to details of the  U.S.-China trade agreement and bullish signals for the tech sector following stronger-than-expected earnings from the world's biggest contract chipmaker.

The so-called phase one trade agreement, signed yesterday at the While House by President Donald Trump and China vice premier Liu He, commits Beijing to an extra $200 billion in purchases of American-made goods over the next two years in exchange for a rollback in some tariffs put in place by Washington over the past eighteen months.

China will also pledge to "enhance" intellectual property protections - a key U.S. demand -- and crack down on the practice of forced technology transfers for U.S. firms doing business in the world's second-largest economy.

Trump said the deal "rights the wrongs of the past" while delivering "economic justice" between the two countries.

"Our efforts have yielded a transformative deal that will bring benefits to both countries,'' Trump said during a ceremony at the White House. He added: "Keeping these two giant and powerful nations together in harmony is so important for the world"  

(Excerpt) Read more at apple.news ...


TOPICS: Business/Economy; News/Current Events
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1 posted on 01/16/2020 2:57:29 AM PST by John W
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To: John W

“Our efforts have yielded a transformative deal that will bring benefits to both countries,’’ Trump said during a ceremony at the White House. He added: “Keeping these two giant and powerful nations together in harmony is so important for the world”

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great job by POTUS & negotiation steam


2 posted on 01/16/2020 3:09:19 AM PST by thinden
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To: John W

IMPEACH!


3 posted on 01/16/2020 3:48:55 AM PST by jazminerose (Adorable Deplorable)
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To: John W

Trump’s fault.


4 posted on 01/16/2020 6:29:11 AM PST by bgill
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To: John W

What’s this? President Trump wins again as the Chinese cave!!!!

I bet liberals heads are exploding!!


5 posted on 01/16/2020 6:36:34 AM PST by John O (God Save America (Please))
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