US-China trade tensions appear to be in a 'de-escalatory' stage, says Morgan Stanley

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US-China trade tensions appear to be in a 'de-escalatory' stage, says Morgan Stanley
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U.S.-China trade negotiations appear to have reached a stage where both countries look to be 'really working line by line on a document,' said a Morgan Stanley strategist on Thursday.

Trade negotiations between the U.S. and China appear to have reached a stage where they look to be"really working line by line on a document," said a Morgan Stanley strategist on Thursday.

The latest round of talks between both countries continued in Beijing on Thursday. After that, both sides are expected to hold meetings in Washington starting April 3. The two largest economies in the world are negotiating a trade deal after a tariff fight that started last year. Garner's comments came after Chinese Premier Li Keqiang said at the Boao Forum for Asia that China will widen market access for foreign banking and insurance firms, and expand the opening of the services sector — especially the financial sector — to foreign investors.

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