Advisers Trump and Trade Deal

week: Since then, the President and others have grown more pessimistic over the past week that a trade deal isn't possible in the near-term, and Trump has acted against the advice of key economic advisers, according to CNN. Trump surprised both China and investors last week by threatening to apply a 10% tariff on 300 billion of goods on September 1, and then swiftly retaliated by labeling the country a currency manipulator on Monday after Beijing said it would halt purchases of American farm products and allowed its currency to weaken. Trump has become increasingly frustrated by a serious lack of progress on the China trade talks after believing he'd made progress in his meeting with Chinese President Xi Jinping on the sidelines of the G20 leaders summit in Osaka, Japan, according to multiple officials familiar with Trump's thinking. Somebody had to do this with China because they are taking hundreds of billions of dollars a year out of the United States and somebody had to make a stand, Trump told reporters as he departed for Dayton, Ohio. US financial markets continued to shed losses with the Dow falling more than 550 points, or 2.1%, at the opening of Wednesday's trading day. And I think our country is doing very well. (news.financializer.com). As reported in the news.