Trump called it ‘an amazing deal for all.’
Markets spiked briefly after the Chinese press conference began, with the Dow Jones Industrial Average climbing 167 points before settling back down near its morning opening level.
The tepid reaction from traders may indicate Wall Street is holding back its enthusiasm until the Trump administration produces a signed deal that analysts can pore over.
But Chinese officials announced they have agreed on the text of ‘phase one.’
Hmmmmm – We’ll see…