Trade war to drag on as Trump says long way to go and China strikes hard-line tone

CNBC/Yun Li/7-16-2019

“President Donald Trump said Tuesday that there’s still a long way to go to reach a deal with China, threatening to slap tariffs on another $325 billion of Chinese goods. Meanwhile, China had suddenly added a new member to its negotiating team — the country’s commerce minister, Zhong Shan, who was present at last month’s G-20 summit and took part in a telephone conversation with U.S. representatives last week. Zhong is seen by many officials in Washington as a hard-liner, a sign Chinese leader Xi Jinping is standing firm, The Washington Post reported.

USAGOLD note:  Not the sort of news financial markets will greet with enthusiasm. . . . .

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