, Columnist
Trump Panics, Rushes Into Xi’s Arms
China has already endured plenty of economic pain, and isn’t as desperate for a trade deal as the U.S. may think.
Personal meeting? He’ll think about it.
Photographer: Lintao Zhang/BloombergThis article is for subscribers only.
It only took a small taste of what a U.S. recession might be like for President Donald Trump to suggest that he wants a trade deal with China after all.
The Dow Jones Industrial Average plunged 800 points in its worst rout of the year after the gap between the two-year and 10-year Treasury yields turned negative for the first time since 2007. An inverted yield curve has preceded the last seven recessions in the U.S.