They say that no one won a trade war. But it seems that everyone wins under a suspended commercial war – even the country that does not participate in the truce with the United States.
The actions of several main Chinese companies that negotiate in the United States were solidly higher on Wednesday. Alibaba earned more than 6%. The electric car manufacturer byd was up 5%. Tencent increased by 2.5%.
It is despite the fact that President Donald Trump distinguished China in his social post as a country that has a “lack of respect” for the global markets and that the days of “tearing” the United States and other countries “is no longer sustainable or acceptable”. As such, Trump said he was going to bear so -called reciprocal prices on China 125%.
