President Trump and Chinese President Xi Jinping will be face to face at the G20 summit on November 30 at Buenos Aires in Argentina.
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Some companies like Cisco are quick to dismiss the notion that any headwinds from the tariff-for-tariff battle between the two economic superpowers are affecting business. The tech giant recently reported strong earnings while taking the necessary steps to hedge any risk associated with the trade wars.
“I can just tell you personally, I haven’t had one conversation with any customer around the tariffs at this point,” said Cisco CEO Chuck Robbins. “Secondly, I think that once we got past the midterms, we’ve begun to hear some positive, at least, headlines relative to the discussions, and I remain fairly optimistic that this has become a top priority for the administration.”
The S&P 500 and Nasdaq Composite were down slightly under 20 points apiece . Apple bounced back by 1% after declines this week due to a spate of analyst downgrades due to weak forecasts for iPhone unit sales.
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