Donald Trump Said "it Would Be Better To Wait Until After The 2020 Elections" To Close The Trade Agreement With China

"If you want to know the truth, I think it is better to wait until after the elections." Donald Trump's statement on the trade agreement with China shortly after arriving in the United Kingdom has already impacted the markets, which in the midst of an optimistic climate due to reports of advances in the negotiations between Washington and Beijing have received a blow that has has resulted in a loss, at least initial, of 100 points in the futures of the Dow Jones index.

"Somehow, I like the idea of ​​waiting until after the elections for the agreement with China, but they want to reach an agreement now and we will see if the agreement will be correct or not," Trump told a group of journalists in London. The general elections in the United States will take place in November 2020.

Then he was asked about a possible deadline for the agreement, to which he insisted on his idea: "I don't have a deadline, no … Somehow I think it's better to wait until after the elections, if you want to know the truth" .

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Washington and Beijing have imposed tariffs on billions of dollars from each other since early 2018, affecting financial markets and sharpening uncertainty in investors and consumers.

Before entering the process of imposing tariffs, Trump said that China "has cheated the United States for many, many years" and that this had been reduced to a "lack of leadership," in a criticism of the previous administrations of the White House.

In reaction to the comments, Dow's futures lost around 100 points and became negative as traders digested the highest probability of a delay in any agreement.

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