Finance

‘Better put on your helmet’

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Traders work on the floor of the New York Stock Exchange.

Brendan McDermid | Reuters

President Trump’s comment that he had no deadline on a China deal has predictably thrown markets into a tizzy, as the self-imposed deadline of Dec. 15 for additional tariffs is now less than two weeks away.

The market is now grappling with the likelihood of no trade deal, but the critical issue is tariffs. I asked UBS Art Cashin if traders would be satisfied with 1) no new tariffs on Dec. 15, 2) keeping additional tariffs, and 3) no deal going into the new year.

“I don’t think it would cause a big swing one way or another,” he said. “I think they would say, obviously negotiations are still going on. The…



Source cnbc.com

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