Chinese and low-level Trump regime officials are currently holding trade "talks," but while those talks continue Trump is still escalating his trade war.
The Trump regime has now officially imposed another round of $16 billion in tariffs that were first announced weeks ago and China has responded in kind.
The world’s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of products since early July, with more in the pipeline, adding to risks to global economic growth. [...]
Business groups expressed hope that the meeting would mark the start of serious negotiations over Chinese trade and economic policy changes demanded by Trump.
However, Trump on Monday told Reuters in an interview that he did not “anticipate much” from this week’s talks.
Happy talk and "trade optimism" have fueled a minor rally on Wall Street over the past two weeks, but that's obviously not going to last, especially not if Trump goes through with his next round of tariffs which is expected to total up to $200 billion.
I have to say this entire ordeal has been quite a lesson in just how gullible and easy to manipulate stock traders are. It's not a mystery how we got the 2008 financial crisis, but at the same time I'm still learning that Wall Street is full of genuine dumbasses, not just greedy conmen.