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US Pres. Trump: China trade deal could come before US election, or not

Speaking to reporters aboard Air Force One as he traveled from New Mexico to California late-Tuesday, the US President Trump said that a US-China trade deal could be struck before the US presidential election, or an agreement could be reached the day after US voters head to the polls.

Key Quotes (via Reuters):

“I think there’ll be a deal maybe soon, maybe before the election, or one day after the election. And if it’s after the election, it’ll be a deal like you’ve never seen, it’ll be the greatest deal ever and China knows that.”

“They think I’m going to win. China thinks I’m going to win so easily and they’re concerned because I told them: ‘If it’s after the election, it’s going to be far worse than what it is right now.’ I told them that. Would they like to see somebody else win? Absolutely.”  

The overnight comments from the US President Trump had little impact on the markets, as the sentiment was mainly driven by the Mid-East developments and oil price-action. Also, markets turned their attention to Wednesday’s FOMC outcome.

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