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After reiterating  that he was not yet ready to make a deal with China, US President Trump said that someone had to ‘take China on’ whether it was good or bad for the US in the near-term. “China wants to make a deal on trade, something will happen, maybe soon, maybe later,” Trump added.

Trump’s comments didn’t offer any fresh insights into the US-China trade conflict and got ignored by the market participants. As of writing, both the S&P 500 and the Nasdaq Composite were down around 0.5% on the day.