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Trade war

Trump's coveted US-China trade deal won't spark rally: Wall Street

A partial agreement not likely to impress market, denying US president crucial win

U.S. President Donald Trump seen speaking at the White House Oval Office. The president is confident that a trade deal with China will bring a big spike to the stock market.   © Reuters

NEW YORK -- Wall Street heavyweights have doubts about the terms of a looming U.S.-China trade deal, setting up U.S. President Donald Trump for a possible disappointment in his hope for a stock market boost on the heels of an agreement.

Speaking to reporters on Friday, Trump said a trade deal with China would drive a sharp increase in the market.

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