Asia markets are down with US-China trade talks under way in Shanghai in a bid to bring an end to the two economic giants’ year-long trade war
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.
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 markets down as US-China trade talks loomRhetoric on both sides has hardened despite an agreement in June by Presidents Donald Trump and Xi Jinping to revive efforts at ending the costly fight over China's technology ambitions and trade surplus.
Read more »
US-China trade talks resume in Shanghai with tempered expectationsTrade representatives from the U.S. and China will begin their first official in-person meeting since the G-20 truce, but neither side is showing any sense of urgency for a trade deal.
Read more »
Trade jitters running high at U.S. companies ahead of new U.S.-China talksWorries about the U.S.-China trade war are running high during the current U.S. ...
Read more »
U.S. firms see little clarity on Huawei as U.S.-China talks resumeLack of clarity on what U.S. firms can supply to Huawei is likely to cast a shadow over this week’s U.S.-China trade negotiations in Shanghai by alexalper
Read more »
Oil prices rise amid expectations that U.S. Fed will cut ratesOil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve...
Read more »
Oil loses ground on pessimism over U.S.-China trade talksOil prices weakened on Monday amid pessimism over U.S.-China trade talks and the...
Read more »