Trump to meet with China for talks aimed at ending trade war

Deal on currency and Huawei? Speculations on US-China trade talks rock markets

Deal on currency and Huawei? Speculations on US-China trade talks rock markets

Led by Chinese Vice Premier Liu He and United States trade representative Robert Lighthizer, the meetings have been a source of anxiety for investors.

"In my opinion, China wants to make a deal more than I do", Trump added. "I meet with the Vice Premier tomorrow at The White House", Trump said on Twitter. A partial deal could include a postponement of tariffs scheduled to take place over the rest of this year, including a slew of taxes on consumer goods made in China on December 15, amid the holiday shopping season.

The US dollar was on track for its biggest daily drop in five weeks on Thursday against its rivals as the prospects of a partial trade deal between China and the United States fuelled appetite for trade-oriented currencies such as the euro and the Australian dollar. The New York Times reported Thursday that the administration is also considering ways to increase financial scrutiny of Chinese companies on various fronts.

He said the value of the USA, since he was elected, has increased by trillions of dollars.

Stock futures later recovered some of those losses after the White House told CNBC's Kayla Tausche that the SCMP report was inaccurate.

US-China relations have been further strained by a tweet from Daryl Morey, the general manager of the Houston Rockets basketball team, in support of the Hong Kong democracy movement.

White House officials soon responded to the report, however, dismissing any rumors that Liu had plans to leave Washington early and assuaging some of the fears.

Liu He, China's vice premier, center, gestures towards members of the media while arriving for a meeting with Steven Mnuchin, U.S. Treasury secretary, right, and Robert Lighthizer, U.S. trade representative, at the Office of the U.S. Trade Representative in Washington, D.C., U.S., on Thursday, Oct. 10, 2019.

In a tweet, Trump said he would meet the following day with Vice Premier Liu He, who returned to the negotiating table on Thursday amid a blitz of aggressive USA maneuvers, with hopes for a grand bargain between the economic powers this week near zero.

"An agreement on exchange rates could be a practical, face-saving way for both sides to reach a mini-deal that helps de-escalate trade tensions".

Just since Monday, Washington has imposed visa restrictions on senior Chinese officials and blacklisted more than two dozen Chinese firms, accusing them of persecuting ethnic Uighur Muslims in China's western Xinjiang region.

Showing progress with a currency pact and other matters could serve as a reason to delay next week's tariff hike. Bloomberg News last month reported the White House was discussing plans for an interim deal. He says it is Trump who will want to drag out the negotiations. We've come this far. They want to make a deal, but do I? I would much prefer a big deal. That said, it perhaps comes as no surprise given fresh comments from Fed Powell whereby attention had been paid to the risks faced by the economy, continuing to build the expectation for an October move.

Notícias recomendadas

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.