reddit - An Pham Investment
- Trade Richer
- Jan 15, 2020
- 1 min read
Stock market news: Stock futures mixed before U.S.-China deal signing
U.S. stocks took a breather Wednesday morning as investors monitored another batch of corporate earnings results and waited for an early trade deal between the U.S. and China to be signed later in the day
Stock futures were mixed Wednesday morning as investors awaited the signing of a phase one trade deal between the U.S. and China.
The signing ceremony is is expected to take place at the White House at 11:30 a.m. ET, with President Donald Trump signing the deal along with Chinese Vice Premier Liu He.
This comes following a report from Bloomberg Tuesday that existing tariffs on Chinese imports would remain in place for the period at least through the 2020 elections.
In a joint response to the report, Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer said that all aspects of the deal would be made public Wednesday, except for a confidential annex with detailed purchase amounts. There was no agreement in place for future tariff reductions, they said in the statement.
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