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The White House’s muddled message on Trump’s China trade truce is another headache for markets

  • Just three days after President Donald Trump announced that U.S.-China relations had taken a "big leap forward," vague and conflicting messages from the White House economic advisers have tamped down early optimism that the talks represented a breakthrough.
  • With no clear message or discernible strategy from the president on the China trade talks, what had seemed just a few days ago like it could be a shot in the arm to the U.S. economy, by Tuesday only added to the grim uncertainty facing investors.
  • In a break from the usual protocol for top-level trade talks, the U.S. and China did not release a joint statement following Saturday's meeting, leaving observers to interpret what the talks accomplished based on two very different readouts.

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