Chronic
Like the extraordinary and famous “match of the century” between Italy and Germany during the semi-final of the 1970 World Cup, where the Italians came out victorious 4 to 3 after a emotional match, the United States and China have successfully signed phase 1 of the Trade Deal! Finally! However, there was more excitement on the pitch in 1970 than in the markets after Trump tweeted about the deal. To believe that everyone was over the head of these 22 months of fight over the trade war. As you can see, the market has hardly reacted.
However, it must be admitted that the Americans have an advantage in their negotiations since the Chinese are forced to buy $ 200 billion worth of American consumer goods. Well done to Donald Trump for his first international political victory in 2020, which puts him in a comfortable position to start his election campaign
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