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NewsBreak: U.S. Offers to Cancel Dec 15 Tariffs in Return for Ag Purchases - WSJ

Published 12/12/2019, 15:07
Updated 12/12/2019, 15:16
© Reuters.

© Reuters.

Investing.com -- U.S. negotiators are preparing to offer to cancel the next round of import tariffs on Chinese goods and cut existing tariffs in return for guaranteed purchases of U.S. agricultural goods, the Wall Street Journal reported Thursday, citing people familiar with the matter.

Minutes earlier, President Donald Trump had tweeted that the U.S. was "getting VERY CLOSE to a BIG DEAL" on trade with China.

S&P 500 at 3,171.12 vs 3,140.62 before Trump's tweet.

Gold futures at $1,471.35 an ounce vs $1,488.85.

U.S. crude oil futures at $59.62 a barrel vs $58.98.

Latest comments

Don't be Fool on cancelling the Tariff. If it's delay will be bad for unsure. If the deal is cancel without sign will be a big mistake.
new tariffs will only get added later
market maker
Maybe the Chinese need to get off this soy diet. Probably have more leverage in negotiations...lol!
Yet more ‘carrot on a stick’
This is ridiculous. Why such a positive reaction on basically nothing.
buy our peanuts.. we buy your laptops
Buy our Soy & we'll buy your technology. Hahaha. Lol
hope so positive trend sustain
Only takes Trumpy to get ticked off over a minute detail to say it's been called off... I'm not holding my breath!!! Investors go long on secure stock until pen and paper have met and have been broadcasted on the news.
Trump just wants his stocks to jump 5%, then he'll sell them tomorrow. He is making a fortune playing with you guys.
Exactly... stick to your securities for now.
Even a 5 year old kid knew this was a lie hahah
The phrase used is...offers to. When I went to school that never meant they had.
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