Stocks, Soybeans, & Yuan Suddenly Plunge On US-China Trade Deal Delay Headlines | WHAT REALLY HAPPENED

Stocks, Soybeans, & Yuan Suddenly Plunge On US-China Trade Deal Delay Headlines

US equity futures suddenly tumbled after Reuters reports that the signing of the US-China trade deal could be delayed until December as terms and the venue remain unclear.

Additionally, a senior official of the Trump administration told Reuters on Wednesday that it was still possible the "Phase One" agreement aimed at ending a damaging trade war would not be reached, but a deal was more likely than not.

Dozens of venues have been suggested for the meeting, which had originally been scheduled to take place on the sidelines of a now-canceled mid-November summit of Asia-Pacific leaders in Chile, the official said. They included sites in Europe and Asia, but the former was more likely, with Sweden and Switzerland among the possibilities.

Iowa, which Trump has suggested, appeared to have been ruled out, the official said. China's latest push for more tariff rollbacks would be discussed, but was not expected to derail progress toward an interim deal.

The official said China was believed to see a quick deal as its best chance for favorable terms, given pressure Trump is facing from a congressional impeachment inquiry as he seeks re-election in 2020.

And just like that...

Webmaster's Commentary: 

In the meanwhile, farmers who were counting on Trump's ability to make a difference here in his negotiations with China, are really feeling a world of hurt, right now; many have gone bankrupt,and can no longer take care of their families right now, and feel a deep sense of betrayal by Foggy Bottom.

Couple this with US land which has been unproductive, due to floods and fires, which used to produce food, and what we will most likely have next Spring, will be an under-ability to feed our citizens in this country.

What I would suggest that you do, is to look at buying an excellently-rated energy-efficient chest freezer, possibly right at the end of this year, right after Christmas. When things come on sale (or even if they don't and you can pare large packages of food down to smaller packages), you will thank yourself for having done this, when you see what food prices are look like, come 2020.

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