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  • Joint Statement of the United States and China Regarding Trade Consultations

    From publicpool.kinja.com

    At the direction of President Donald J. Trump and President Xi Jinping, on May 17 and 18, 2018, the United States and China engaged in constructive consultations regarding trade in Washington, D.C. The United States delegation included Secretary of the Treasury Steven T. Mnuchin, Secretary of Commerce Wilbur L. Ross, and United States Trade Representative Robert E. Lighthizer. The Chinese delegation was led by State Council Vice Premier Liu He, Special Envoy of President Xi. There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China. To meet the ... (full story)

  • Comment #1
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  • Edited May 20, 2018 3:42am May 19, 2018 4:04pm | Edited May 20, 2018 3:42am
This is really great news and very BULLISH for Global Markets in general -- especially for the US Markets that started the correction in February with a massive sell-off driven by the Trade War News and fear.
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The Official Statement says: "Both sides agreed on meaningful increases in United States agriculture and energy exports. The United States will send a team to China to work out the details." -- China will probably buy more Crude Oil from US. They have been buying Crude Oil from the US in record amounts. [photo] -- Very BULLISH FOR US CRUDE OIL -- [West Texas Intermediate Crude]--[W T I C]
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This is also great news for companies such as Boeing [and Apple] that is now expected to sky-rocket to new highs and for the Technology sector in general. [The Technology sector was largely discounted because of the fear that an intensified/increased threat and tensions of the Trade-War between US-China could damage American Technology companies doing business in China -- To know that a path to a reasonable solution is being established is very positive. This is all VERY BULLISH FOR MARKETS.
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Markets change every second, every minute, every hour and etc. If the facts
  •  Guest
  • | IP XX.XXX.185.59
ohhhhh man USD going to do veryyy well off this news!
  •  Guest
  • | IP XX.XXX.109.154
very bullish or very bullish*t for oil? all it means (if it means anything more than an unenforceable intention) is that China MAY buy more oil from USA instead of from one its other suppliers. it does NOT mean that overall Chinese demand for oil will increase. get it so far?

read this first before jumping to any conclusion on oil price.

https://www.maritime-executive.com/article/china-surpasses-u-s-as-largest-crude-oil-importer#gs.vHWhLkA
  •  Guest
  • | IP XX.XXX.109.154
not for publication: wait for reply from MXS and then hit back immediately with this counterpunch (petroyuan)
  •  Guest
  • | IP XX.XXX.109.154
hmmm, then read this next to edify your knowledge of the subject

https://oilprice.com/Energy/Energy-General/UBS-Petroyuan-Will-Undermine-US-Market-Dominance.html
AI press releases are surprisingly neutral compared to the ones from the real white house.
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  •  Guest
  • | IP XX.XXX.163.167
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  • Story Stats
  • Posted: May 19, 2018 2:35pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 6  /  Views: 2,930
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