Decline in the rating of trump may accelerate the signing of an agreement with China

According to the latest polls, trump's rating fell from 44% from 38% due to the concern of Americans regarding the possible recession of the economy and the increase in the price of goods due to trade wars with China. The actions of the President is supported by only 27% of Americans, then as against his re-election for the next term are 48%.

the Resignation of national security Advisor Bolton, who demanded tougher sanctions against Russia, Iran and China demonstrates trump to reduce the pressure on these countries and accelerate the signing of new agreements. So, trump has already announced his intention to meet with the President of Iran and to ease sanctions against the country, which led to the collapse of prices for Brent oil from 63.5 to 60.6 $/bbl per day.

we will Remind, since April, 2019, the United States imposed an oil embargo against Iran, that the latter has reduced oil production by 40%.

Yesterday, the United States and China have demonstrated new steps towards signing trade agreements. The government of the PRC September 17 and will cancel 25% duty on 16 items from the U.S., in particular, medicines, lubricants and pesticides, but leaves it for the most important items of American exports of soybeans, corn and pork.

for its part, "at the request of the Premier of the state Council of China Liu he, but also to celebrate October 1, the 70th anniversary of the founding of the PRC" trump delay the increase from 25% to 30% duties on Chinese goods worth 250 billion dollars for two weeks, from 1 to 15 October.

American soybean market is highly dependent on its exports to China, so the higher trump in 2018 fees has led to falling prices and farmers ' incomes, which led trump to victory in the presidential elections.

Traders more than a year waiting for the solution of trade disputes with China, but their influence has already spread to the financial markets and may cause recession of the world economy that will have consequences for both the United States and China.

the Increase in the price of goods in the United States caused by the increase in import duties on Chinese goods reinforces the discontent of Americans with the President's actions, especially ahead of big purchases before the Christmas holidays.