Global Markets Crave Substance, Not Rhetoric The recent summit between President Trump and Chinese President Xi Jinping has left Wall Street analysts underwhelmed by the lack of concrete details on trade agreements.
This has sent global markets reeling, with stocks plummeting across Asia, Europe, and the United States. Trump's bombastic declarations about "fantastic trade deals" have once again fallen flat on the global stage.
Analysts are skeptical about the prospects for meaningful change, as evidenced by UBS's Paul Donovan, who noted that much effort has been expended to produce nothing of real substance.