Chinese stocks rocketed higher on Trump’s trade tweet, but a deal isn’t a sure thing

“Finding a resolution to the trade (tensions) that eliminates tariffs would greatly reduce uncertainty in the business community,” Jake Parker, vice president of China operations for the US-China Business Council, said Monday. He noted that the tariffs have had a significant impact on US businesses, especially those in agriculture and retail. “We’ve also heard from a number of companies because their costs have risen, that has put them in a less competitive position vis-a-vis their European and Japanese counterparts,” Parker said. “Once you lose market share it’s very hard to regain that in the near term.”