Markets not enthusiastic about Trump's remarks ...Middle East

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The second one is when he said that he won't call President Xi unless Xi calls him first. It's been made clear by now that the Chinese won't call first, so if this is the strategy, then they could remain at a standstill for a long time until the economic damage becomes big enough to force Trump to fold.

I don't think the latter is the reason because he also said that Xi has called him and the markets don't believe him anyway at the moment given that the Chinese keep on repeating that they haven't had contacts. We can't know who is lying between the two, but there's too much uncertainty on this topic to bet the money on it.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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