Expectations for progress during the two-day meeting are low, so officials and businesses are hoping Washington and Beijing can at least detail commitments for"goodwill" gestures and clear the path for future negotiations.
Washington and Beijing have so far hit each other with punitive tariffs covering more than $360 billion in two-way trade. "My team is negotiating with them now, but they always change the deal in the end to their benefit," Trump tweeted. The Purchasing Managers' Index , a gauge of Chinese factory conditions, came in at 49.7 for the month, slightly above Bloomberg forecasts but below the 50.0 mark denoting positive growth.
The trade dispute with Washington has weighed on the city as it reels from seven weeks of civil unrest and mass protests – some of which have ended in violence – triggered by a controversial bill which would have allowed extraditions to mainland China.
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Source: Reuters - 🏆 2. / 97 Read more »