Recently the US stock market performed very well when the investors heard the news about the US-China trade meeting, but a hours after some news publications mentioned that no trade deal meeting is happening with China since it got canceled and with this news major US stock indexes went down. However, now a direct statement is coming from the white house office in which it’s stated that the news of US-China trade meeting getting canceled is not real and they have advised not to believe on such false rumors. The white house economic advisor said that the news which is getting spread is not real and the US is expecting a good trade deal meeting with China’s vice president Liu and the country’s commerce minister.
Earlier it’s been said that the Chinese officials and vice president would be coming to the US for two days trip on January 31, however, due to the false rumor spread stating that this meeting got canceled spread and now white house officials have confirmed that it’s not true. The US stock market has become the most volatile to any news relating to the trade war or China. Because since the announcement of meeting with Chinese officials got canceled spread many major companies stocks went down also Dollars lost its value on the international market too. However White House economic adviser Larry Kudlow has officially said that “The story is not true and non-meeting has been canceled.” The Trump administration has not taken any decision regarding cancellation of meeting with China.
Many investors and economists are positive about this meeting between the big nations since it might end the ongoing trade war which is hurting the nation’s economy badly.