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Some White House officials are trying to restart talks with China before US tariffs on Chinese products are set to take effect on July 6 in order to avert a full-blown trade war with the world’s second-largest economy, according to Bloomberg.  

The staff of the National Economic Council has contacted former US government officials and China experts in recent days to gauge chances for high-level talks in the next two weeks  and is also considering  inviting Chinese Vice President Wang Qishan, people familiar with the plans said.

If NEC’s efforts come to fruition, then the risk assets will likely regain poise and the safe haven assets would run into offers.