It isn't a trade deal yet, but initial market reaction has been acting like it is
China needs the deal for economic reasons, while at this stage the US needs it for political ones. They both may never get a comprehensive one.
Monte Safieddine, OpinionIndustry ExpertMonte Safieddine is a market analyst at IG Dubai. He has spent nearly a decade in the FX industry and has held roles within financial firms that have included risk, analysis, statistics, and trading. Safieddine holds a Masters in Economics from Wayne State University where he completed multiple PhD-level fields and taught undergraduate students. He provides commentary on financial markets, including FX, cryptocurrencies and commodities, and publishes IGs Daily Market Report and Weekly Market Report.