US-China Trade Deal Seems to Be Nine Days Away

Most financial media coverage is currently predicting conclusive US-China Trade Deal at the March 1, 2019 deadline. Many financial analysts indicate this could trigger a double-digit move upwards in share prices.

Bank of America’s Savita Subramanian told that a real deal would add 1 to 2% to earnings in 2019 that is not currently factored into share prices. A more moderate deal would see a hold of recent gains and more moderate rally. There could also be some partial announcement and continuing discussions that last to June 1.

The USA will welcome an official delegation from China for a series of meetings starting on February 19, 2019, to discuss the trade relationship between the two countries.

Principal-level meetings will begin on February 21, 2019.

The United States will have
United States Trade Representative Robert Lighthizer
Secretary of the Treasury Steven Mnuchin
Secretary of Commerce Wilbur Ross
Assistant to the President for Economic Policy Larry Kudlow, and
Assistant to the President for Trade and Manufacturing Policy Peter Navarro. T

These meetings will be preceded by deputy-level meetings that will begin on February 19, 2019, led by Deputy United States Trade Representative Jeffrey Gerrish.

China state media also briefly announced the trade meetings.

SOURCES- White House, China Ministry of Commerce, CNBC

Written by Brian Wang.