Week In Review: How Trump's Policies Moved Stocks - Mar. 23, 2019

4. U.S.-CHINA TRADE TALKS: Trade talks between the U.S. and China are said to be in the final stages with a target date for a deal by the end of April, about a month later than initially panned, Bob Davis of Wall Street Journal reported, citing individuals tracking the negotiations. The Journal's report followed one by Bloomberg that said some U.S. officials are concerned that China is pushing back against American demands in the trade talks as progress slows toward a deal. On Wednesday, President Trump said that his administration was examining the prospect of leaving tariffs in place on Chinese goods for a "substantial period of time," according to The Wall Street Journal's Rebecca Ballhaus. Speaking to reporters as he left Washington for Ohio, the president said he was not weighing removing tariffs on China, Ballhaus said. "We have to make sure that if we do the deal with China, that China lives by the deal," he said.

5. U.S. GOODS: President Trump is set on reducing the trade deficit with China and is pushing his negotiators to get China to agree to purchase more U.S. goods, CNBC's Kayla Tausche reported earlier this week, citing two people briefed on the discussions. China has offered to purchase up to $1.2T in U.S. energy, agriculture and aircraft products over a period of six years. But Trump has long wanted a number "double or triple" China's proposal, sources told Tausche. On Monday, U.S. semiconductor companies said, however, that they have told the White House not to include them in any deal that calls for China to step up purchases of American goods and services, as they believe mandatory-purchase quotas would force U.S. chipmakers to open new factories in China, according to The Wall Street Journal's Bob Davis. The report quoted John Neuffer, president of the Semiconductor Industry Association, as having said: "Whatever the number, the Chinese chip purchase offer is a distraction that risks deepening Chinese state influence in an environment that is otherwise market-based." Publicly traded semiconductor companies include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).

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