Asian Markets Rip Higher as Trump Praises Very Productive Trade Negotiations with China

Asian stock market

Asian markets surged to start the week Monday as investors took heart from positive comments surrounding trade negotiations between the US and China.

The two nations are discussing their future trading relationship following the tit-for-tat exchange of tariffs during 2018.

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Representatives from the two countries began talks in Beijing last week with the aim of making progress toward a trade deal of some form before the 90-day deadline imposed at the G20 summit in Argentina late in 2018.

Talks ended over the weekend, with President Donald Trump seemingly enthused by the discussions.

“Trade negotiators have just returned from China where the meetings on Trade were very productive,” he tweeted on Saturday night.

“Now at meetings with me at Mar-a-Lago giving the details. In the meantime, Billions of Dollars are being paid to the United States by China in the form of Trade Tariffs!”

Though it is true that the US has raised billions of dollars from increased tariffs during the trade war, the tweet repeated Trump’s debunked claim that US duties on Chinese goods were paid for by China; economists say the tariffs are generally paid for by US companies that import goods.

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