U.S.-China Trade Talks to Resume, but New Tariffs Could Complicate Them
he United States and China will hold trade talks in Washington early next month, officials from both countries said on Thursday, but new tariffs will make it difficult to find a way to end their economic clash.
Liu He, a top Chinese economic official and Beijing’s top trade negotiator, will travel to Washington in early October, state media said. Mr. Liu spoke on Thursday morning with Robert E. Lighthizer, the United States trade representative, and Steven Mnuchin, the United States Treasury secretary. Mr. Lighthizer’s office said that deputy-level meetings would take place ahead of the talks.
If held as scheduled, the talks would take place after new American tariffs kick in, which could make it difficult for the two sides to reach a deal. President Trump has said he would raise tariffs to 30 percent from the current 25 percent on $250 billion in Chinese goods. Those tariffs cover everything from cars to aircraft parts. It’s getting complicated each day
TECHNICAL CHART EURO. JPY AND USD INDEX.
- ECB still scrambling over BREXIT and other challenges in EURO
- QE (Quantitive Easing) – seems like is going to be another 5 years for EURO before they can get out of low inflation
- JPY on the other is always treated as safe haven – therefore if there is any major issues like Trade War or War – JPY will be everybody choice
- USD Index is something all are watching – challenge between Trump and the FED – it will be exciting moment during the FOMC.
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