REVEALED: China wants to hold more talks this month to hammer out the details of the “phase one” trade deal touted by Donald Trump before Xi Jinping agrees to sign it, according to people familiar with the matter
-- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
The S&P 500 Index was little changed, Europe’s Stoxx 600 fell and the yen rose as investors grew pessimistic on the handshake deal. The yuan pared much of its earlier gains offshore. Treasury Secretary Steven Mnuchin, speaking in an interview Monday on CNBC, said he expects officials to work in coming weeks to get the first stage ready for both sides to sign. If that doesn’t happen, the new U.S. import taxes on Chinese products will be imposed starting Dec. 15, he said.
Investors have struggled to determine whether the U.S. and China reached a breakthrough in an 18-month trade war. Worse-than-expected September trade figures in China underscored the growing pressure on both Trump and Xi to reach a deal to avert a wider slowdown in the global economy.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China wants another round of talks before signing phase one of the trade deal, source saysChina wants to have another round of talks with the U.S. before signing phase one of a trade deal, a source tells CNBC's Kayla Tausche.
Weiterlesen »
Trump needs more than a 'phase one' US-China trade deal to boost 2020 oddsState polls show that Trump's standing has weakened in some states hurt by the trade war.
Weiterlesen »
Trump announces US-China 'phase 1' trade deal, tariff trucePresident Donald Trump announced a U.S.-China 'phase 1' trade deal, tariff truce on Friday after a months-long standoff.
Weiterlesen »
Oil prices down as U.S.-China trade deal has no outcomeOil prices eased on Monday as scant details on the first phase of a trade deal b...
Weiterlesen »
Next recession: Why it's still likely despite US-China trade agreement - Business InsiderInvestors are underestimating the severity of the US-China conflict and how it might lead to a recession, according to Lazard Asset Management.
Weiterlesen »
China Emerges With Wins From U.S. Trade TruceThe U.S. shelved new tariffs against China while leaving many demands to be worked out later. The truce opens an opportunity for Beijing to kick concessions that it doesn’t want to make, down the road.
Weiterlesen »