Xi Plays Long Game on US-China Trade
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Bloomberg reporters unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand. They answer your questions on what's next in the "done" deal.
The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.
China's trade negotiator says that the two countries reached an agreement on a trade framework after two days of talks.
Canadian Prime Minister Mark Carney said he hopes to secure a commercial and security agreement soon with US President Donald Trump, though he tamped down expectations that a deal will be ready in time for the Group of Seven summit in a few days.
US stocks closed higher as investors wait for news from another day of China-US trade talks in London. Key inflation data are also ahead.
The U.S. and China are holding a second day of talks Tuesday in London aimed at easing their trade dispute, after President Donald Trump said China is “not easy” but the U.S. was “doing well” at the negotiations.
Trade talks between the US and China this week cemented a seismic change in Washington’s approach to the countries’ economic relationship: US export curbs, meant to keep sensitive technologies out of Beijing’s hands,
TOKYO (AP) — Asian shares were trading mixed early Thursday after Wall Street’s rally stalled as investors appeared not to react much to the results of the latest round of China-U.S. trade talks. U.S. futures slipped while oil prices rose. Japan's Nikkei 225 lost 0.7% to 38,160.80.
China's Vice Premier He Lifeng said China and the United States should strengthen consensus and maintain communication, state news agency Xinhua reported on Wednesday, after the two countries agreed to get a delicate trade truce back on track.
President Trump's officials have repeatedly said that they are nearing trade deals with a number of countries, without releasing specifics of most of them.
Asian shares are mostly higher as investors keep an eye on China-U.S. trade talks that might help stave off a recession.