China is open to a small deal as long as President Donald Trump doesn't impose more tariffs. In the meantime, officials in China are offering to increase annual purchases of U.S. agricultural products.tariff postponement to be the best outcome.
Strategist said an increasing lack of trust is making it more difficult to reach any agreement. Many expect to see a slimmed down trade deal before year end with issues like intellectual property theft and technology transfers left unresolved. Earlier this week, tensions between the two economic superpowers reached a fever pitch. The U.S. blacklisted 28 Chinese entities over alleged human rights violations against Muslim minorities in Xinjiang,2. Tame inflation?
Investors will get an update on the state of U.S. inflation on Thursday when the Labor Department releases September consumer price index. Core CPI, which excludes food and energy, is expected to rise just 0.1%, according to economists surveyed by Dow Jones., leading to the smallest annual increase in nearly three years. Weak inflation could bolster the case for the Federal Reserve to cut interest rates further.
Trump's tax cuts and increased fiscal spending have ballooned the U.S. government's red ink. The total shortfall rose to nearly $1.07 trillion through the first eleven months of the fiscal year.2:00 p.m. Monthly Treasury Statement of Receipts & Outlays
So far any talk are stupid for Chinese!
I'll sum it up: Trade talks will end in failure.
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Source: CNBC - 🏆 12. / 72 Read more »