The U.S. has completed phase one of a trade deal with China, signaling what could be a de-escalation of and even possible end to the trade wars.
This is a move that Trump desperately needs for re-election, said best-selling author, James Rickards.
“With slow growth I think you’ll see one, maybe two rate cuts, that will give the stock market a boost. The other thing is calm down the trade wars, it looks like we’re literally just days away from doing that with the Chinese, so if you get good news on trade wars and the prospect of rate cuts, that’s going to keep the stock markets up, and that’s going to help Trump for re-election,” Rickards told Kitco News.