Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017.
Nicholas Asfouri | AFP | Getty Images
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.)
After nearly two years of tit-for-tat tariff threats in the U.S.-China trade spat, the market is still not out of the woods even with the so-called “phase one” deal close to being finalized.
Wall Street now believes President Donald Trump’s trade battle with China will determine how the markets close out the year after the Federal Reserve delivered the third straight rate cut this week. Stocks took a…