Roadside Attraction
Roadside Attraction's JournalThat Trump-China trade deal? JPMorgan warns investors it's bullshit, no evidence of a deal
Source: RawStory
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A new note from investment bank JPMorgan advises traders to not buy into the hype that President Donald Trump has ended his own trade war with China.
As reported by CNBCs Carl Quintanilla, JPMorgan is telling investors that Trumps declaration this week that China will immediately drop all tariffs on American cars has no basis in reality.
It doesnt seem like anything was actually agreed to at the dinner and White House officials are contorting themselves into pretzels to reconcile Trumps tweets (which seem if not completely fabricated then grossly exaggerated) with reality, the note states.
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Read more including the JPMorgan announcement at the link:
https://www.rawstory.com/2018/12/jpmorgan-warns-investors-trumps-tweets-purported-china-deal-appear-completely-fabricated/
Read more: https://www.rawstory.com/2018/12/jpmorgan-warns-investors-trumps-tweets-purported-china-deal-appear-completely-fabricated/
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