On the latest edition of market Week in Review, Quantitative Investment Strategist Dr. Kara Ng and Research Analyst Puneet Thiara discussed the new China-U.S. trade agreement, key findings from the strategist team's recently released 2020 Global Market Outlook and impacts of the UK general election.
Phase one trade deal reached between U.S. and China
The U.S. struck a phase one trade deal with China on Dec. 13, Ng said, scrapping plans to place tariffs on another $156 billion of Chinese imports. The deal also cuts in half the U.S. tariff rate on approximately $120 billion