Deal and its official the u. S. And china have their phase one trade deal but this is just the beginning of law a long negotiation process theres a lot to break down here and were excited to have Richard Wolfe both of economic update on here to help us cut through the slopes and dig through the details. And while we have seen a breakthrough on the play front the tension is still present in the tech sector and the race but we take a look at the latest battleground in the telecom fight taking place in the United Kingdom so much to get to and sell little time lets go. Despite this touted as a quote a landmark signing of phase one between president and vice premier and they all the markets are still on enthused phase one has pretty much been priced into the market already so if anything additional detail starts to take the steam out of the rally and it came of the surprise that existing u. S. Tariffs on chinese goods will stay in place even after the deal is signed bloomberg reports that t
A long negotiation process theres a lot to break down here and were excited to have Richard Wolfe both of economic up on here to help us cut through the slopes and dig through the details. And while we have seen a breakthrough on the prey front the tension is still present in the tech sector and the race. We take a look at the latest battleground in the fight taking place in the United Kingdom so much to get to and sell a little time lets go. Despite this touted as a quote a landmark signing of phase one between president and vice premier li all the markets are still an interest phase one has pretty much been priced into the market already so if anything additional detail starts to take the steam out of the rally and it came of the surprise that existing u. S. Tariffs on chinese goods will stay in place even appy the deal is signed bloomberg reports that the 2 sides have an understanding that no sooner than 10 months but u. S. Will review the progress and potentially. Additional terrac
Trade arguments and terror threats and the u. S. Investment restrictions will continue throughout 2020 the official text will be released later on to review but there is a nonpublic component of the agreement which is a confidential annex with detailed purchase amounts devils always in the detail as we wait for the documents to be released. I mean this is fascinating seems like its a big win for the Trump Administration but what is china really getting out of actually signing this deal today here in washington exact us ive got a clue what i was getting with the quid pro quo why is china actually getting china is making these huge ad commitments 200000000000 dollars worth in the following 2 years and what is it getting not in return not getting spanked by more terrorist by the u. S. To avoid more punishment by the u. S. How is that exactly fair is not really getting any additional reward in return then why do they sign the deal to do that in order to have a cease fire in order to avoid
And china have their phrase one trade deal but this is just the beginning of was a long negotiation process theres a lot to break down here and were excited to have Richard Wolffe host of economic update on here to help us cut through the smoke and dig through the details. And while we have seen a breakthrough on the trade front the tension is still present in the tech sector and the race but we take a look at the latest battleground in the telecom fight taking place in the United Kingdom so much to get to and so little time lets go. Despite this touted as a quote a landmark signing of phase one between president and vice premier a little the markets are still on enthused phase one has pretty much been priced into the market already so if anything additional detail starts to take the steam out of the rally and it came of the surprise that existing u. S. Tariffs on chinese goods will stay in place even after the deal is signed bloomberg reports that the 2 sides have an understanding tha
Markets are not going anywhere, the european stocks are flat, the pound is flat against the u. S. Dollar, this despite some week inflation today and another member of the bank of england coming out and talking about a rate cut coming from the bank. The expectation that we will get another cut is growing. The ruble as well, we saw some movement. The Prime Minister will be stepping down with a lot of questions surrounding why, and what that means for president Vladimir Putins future. Everyone is waiting to see that trade deal get signed. Vonnie lets stay there, a president assad to sign President Trump is set to sign the phase one trade deal in the tower. The agreement would lead leave significant tariffs in place and would punish beijing for failing to deliver on key pledges like currency, and intellectual property. Steve mnuchin spoke about the issue of future tariff rollbacks earlier today. As part of phase two, there will be tariff reductions as part of that. Thats the incentive for