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Trump Pushes China Trade Deal to Boost Markets as 2020 Heats Up

  • Advisers said to make case of stock market rally on China deal
  • President looking for win after abandoning North Korea talks
Bloomberg business news
Bloomberg’s Joe Sobczyk explains why a trade deal with China’s is important for President Trump’s future.(Source: Bloomberg)
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President Donald Trump is pushing for U.S. negotiators to close a trade deal with China soon, concerned that he needs a big win on the international stage -- and the stock market bump that would come with it -- in advance of his re-election campaign.

As trade talks with China advance, Trump has noticed the market gains that followed each sign of progress and expressed concern that the lack an agreement could drag down stocks, according to people familiar with the matter. He watched U.S. and Asian equities rise on his decision to delay an increase in tariffs on Chinese goods scheduled for March 1, one of the people said.