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Thursday, August 1, 2019

US-China trade talk broke down again in July 2019.

https://www.cnbc.com/2019/07/31/china-us-officials-meet-for-trade-talks-in-shanghai.html

Despite the proclamation of a constructive meeting at the end of July 2019, the US-China trade talk actually broke down because both sides couldn't agree on numerous issues.  Furthermore, we could see that both countries accused each other of flip-flopping after the meeting.

The only constructive outcome was that both parties were still willing to continue the trade talk in September.


2 comments:

Unknown said...

-10% to -15% correction soon.

As I said many times before --- last chance to buy before the melt up!!!

But pls buy the right stocks!! LOL!!!

Eric Ho said...

China had added Zhong Shan to China trade negotiation team. Zhong Shan is a hawk while Liu He is a dove.

The US team will have a hard time dealing with Zhong Shan.

https://www.scmp.com/economy/china-economy/article/3018226/beijing-plays-down-commerce-minister-zhong-shans-inclusion

Robert Lighthizer is also hawk in the US team.

It will be hard to reach a deal when there are hawks on both sides.