Markets Set to Explode Higher On Reports of US-Sino Trade Negotiations Underway

Dow futures are +415 for a variety of reasons. The news creators are attributing it to the fact that China is willing to negotiate terms with the US in order to normalize trade relations. This is retarded group think concocted by shills. Of course China is willing to negotiate. With the US markets, their entire house of cards will collapse.

CNBC:

The U.S. administration last week sent a letter to Chinese economic overseer Liu He seeking a tariff cut on U.S. autos to help cut China’s trade surplus with the United States, the Wall Street Journal said, citing unnamed sources.

In the letter, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer said China should also buy more U.S. semiconductors and give U.S. firms greater
access to the Chinese financial sector, the Journal said, quoting sources with knowledge of the matter.

In the past few days, fears of a trade war have mounted following U.S. President Donald Trump’s announcement on Thursday of plans for tariffs on up to $60 billion of Chinese goods.

Firing a retaliatory warning shot in response to separate U.S. tariffs on steel and aluminium, China declared plans to levy additional duties on up to $3 billion of U.S. imports.

There is another report that China is eager to divert purchases of semiconductors away from Taiwan and S. Korea in favor of US firms. Too bad S. Korea can’t do shit about that. Also, Chinese officials are frantically trying to finalize new regulations that will permit foreign entities to take majority stakes in Chinese financial firms. One way or another, Trump will have his way with China — Stormy Daniels style, and there is nothing they can do about it.

Nasdaq futs are +151.