CNBC's Eunice Yoon reported Monday, citing a government source, that Beijing is pessimistic about the trade deal.
said there would be no tariff rollback, Beijing had thought both parties had agreed in principle, Yoon reported.
That came following a report over the weekend by Chinese state media that "constructive" trade talks had occurred at a high level between Beijing and Washington. The two economic powerhouses have been working toward reaching a "phase one" deal, expected to be signed soon, following a tariff war that has lasted for more than a year and dented investor sentiment.
"Our preference remains on putting more weight on comments coming directly from officials dealing with the trade negotiations and on this score there is nothing to contradict the view that the US and China are still working towards striking a deal," Rodrigo Catril, senior foreign exchange strategist at National Australia Bank, wrote in a note.
Overnight stateside, stocks ended the trading day on Wall Street little changed amid the trade uncertainty. The
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set to trade higher as investors watch for US-China trade updatesStocks in Asia were set to trade higher at the open on Monday as investors look for further developments on U.S.-China trade.
Read more »
China calls on U.S. to 'stop flexing muscles' in South China SeaChina, during defense talks in Bangkok on Monday, called on the U.S. military to...
Read more »
China calls on U.S. to 'stop flexing muscles' in South China SeaChina on Monday called on the U.S. military to stop flexing its muscles in the S...
Read more »
Asia shares hauled higher as China trims key repo rateAsian shares ticked higher on Monday after Beijing surprised markets by trimming...
Read more »
China, U.S. had 'constructive' phone call on trade: XinhuaChina and United States had 'constructive talks' on trade in a high-le...
Read more »
China and US had 'constructive discussions' about phase-one trade deal, state media reportsThe two sides had 'constructive discussions' about 'each other's core concerns' and agreed to remain in close contact, Xinhua reported.
Read more »