US stock index futures fell on Thursday after Bloomberg said\nChina needed more discussions before signing the so-called first trade deal\noffered by US President Donald Trump on Friday.<\/p>\n\n\n\n
Today at around 7 am, the Dow Jones Industrial Average\nfutures index is down about 87 points, and the Dow briefly fell more than 100\npoints. The S&P 500 and Nasdaq futures were also lower at the opening.<\/p>\n\n\n\n
Futures were marginally higher earlier in the session before\nthe Bloomberg report. The vice premier said he could lead a delegation once the\nmonth ends to agree on the details of the “first phase” before\nPresident Xi Jinping agrees to the report. The report added that China wants\nTrump to also cancel the tariff hike in December as well as this week’s planned\nrise.<\/p>\n\n\n\n
Last Friday, President Trump announced that the first phase\nof the agreement with China had been agreed, although officials on both sides\nsaid more work was needed. The partial agreement – covering agriculture,\ncurrency and some aspects of intellectual property protection – is the first\nstep forward in ending the 15-month-old trade war.<\/p>\n\n\n\n
However, the agreement does not contain many details, and\nTrump warned that it could take up to five weeks to get a written agreement.\nIndeed, analysts say it looks more like a temporary truce than a real trade\ndeal.<\/p>\n\n\n\n
The world’s two largest economies have imposed billions of\ndollars in tariffs on each other’s goods since the beginning of 2018, and\nfinancial markets, businesses and consumer sentiment have been hit since then.<\/p>\n","protected":false},"excerpt":{"rendered":"
US stock index futures fell on Thursday after Bloomberg said China needed more discussions before signing the so-called first trade deal offered by US President Donald Trump on Friday. Today at around 7 am, the […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,4],"tags":[93,60,141,116,52,77,36,34,94,114,127,11,29,48,24,78,54,13,131,44,91,10,58,57,70,47,86,31,18,102,76,80,119,113,135,23,45,46,109,39,81,85,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1402"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1402"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1402\/revisions"}],"predecessor-version":[{"id":1404,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1402\/revisions\/1404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1403"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}