Trump says it might be better to wait until after 2020 election for a China trade deal
President Donald Trump said Tuesday it might be better to wait until after the 2020 election to strike a trade deal with China.
“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right,” Trump told reporters in London, where he is attending the NATO summit. The U.S. general election is set to take place next November.
In reaction to the comments, Dow futures lost over 100 points on Tuesday morning and turned negative as traders digested the increased likelihood of a delay to any deal.
When asked if he had a deadline for the deal, Trump added: “I have no deadline, no.′
Reported by CNBC