That Trump-China trade deal? JPMorgan warns investors it's bullshit, no evidence of a deal [View all]

[Roadside Attraction]

Source: RawStory

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A new note from investment bank JPMorgan advises traders to not buy into the hype that President Donald Trump has ended his own trade war with China.

As reported by CNBC’s Carl Quintanilla, JPMorgan is telling investors that Trump’s declaration this week that China will immediately drop all tariffs on American cars has no basis in reality.

“It doesn’t seem like anything was actually agreed to at the dinner and White House officials are contorting themselves into pretzels to reconcile Trump’s tweets (which seem if not completely fabricated then grossly exaggerated) with reality,” the note states.

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Read more including the JPMorgan announcement at the link:
https://www.rawstory.com/2018/12/jpmorgan-warns-investors-trumps-tweets-purported-china-deal-appear-completely-fabricated/

Read more: https://www.rawstory.com/2018/12/jpmorgan-warns-investors-trumps-tweets-purported-china-deal-appear-completely-fabricated/