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On the latest US-China trade talks update, CNBC quotes a source familiar with China side of negotiations, as saying that “some working-level Chinese officials have postponed their flights to DC. They may fly as late as May 8 – the date of the negotiations.”

Key Notes:

China’s Vice Premier Liu He will very unlikely go to the US this week – Global Times

China considers cancelling trade talks with us this week after trump threats -WSJ

Trump’s threat to lift tariffs on Chinese imports sends risk assets into reverse, Yen is 0.34% higher vs dollar