Gulf awaits outcome of US, China trade truce
Gulf bourses, along with the price of oil, have been rising at the prospect of an agreement — which was finally announced on Tuesday — that takes the sting out of the trade war.
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Investors around the world this week have been anxiously awaiting the outcome of trade talks between the United States and China. Gulf bourses, along with the price of oil, have been rising at the prospect of an agreement — which was finally announced on Tuesday — that takes the sting out of the trade war. President Donald Trump said the pact would see China supplying rare earths and magnets and the United States allowing Chinese students into its colleges.
Being closely tied to both Washington and Beijing, Gulf countries like the UAE would stand to benefit from a new agreement between the world’s two largest economies.
