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US-China trade talks: Fingers crossed – ING

ING analysts point out that after a breather of more than two months, Chinese and American trade representatives  return to the negotiation table next week.

Key Quotes

“While President Trump sees a ‘good chance’  of a trade deal ‘sooner than you think’, the news of Chinese companies starting to purchase  US agricultural  goods this week with a waiver from retaliatory import tariff bodes  well for the upcoming talks.”

“Even so, caution is warranted given the breakdown of earlier negotiations. President Trump’s on-and-off rhetoric against China’s trade practices and  the US now considering limiting financial flows to China too means the  risk of yet another negotiation round ending in vain still exists.”

“Aside from the trade developments, there is little on the Chinese calendar to drive markets after a week of pause in trading for the National Day holiday this week.”

 

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