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US: As a reminder, ministerial level Sino-U.S. trade talks are set to take place
in Washington in early October, with junior level talks set for this month.
- To recap, Trump's recent tweet stated that "at the request of the Vice Premier
of China, Liu He, and due to the fact that the People's Republic of China will
be celebrating their 70th Anniversary....on October 1st, we have agreed, as a
gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth
of goods (25% to 30%), from October 1st to October 15th."
- It has to be said that market reaction is relatively muted thus far, some had
suggested that a delay in tariffs could be in the offing after the
aforementioned trade talks were outlined.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com