US will hold off on raising China tariffs to 25% as Trump as Xi agree to a 90-day trade truce. How investors can profit from this kick the can outlook?
"President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time," the White House said.
The 90-day truce is expected to bring in buyers to this American company which is already expensive according to historical standard valuations, but it might get even more expensive.
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