Mixed results in US/China trade talks: Where now?
WASHINGTON - The second round of negotiations in Washington between the U.S. and China to resolve a long standing trade dispute has yielded mixed results. With US Commerce Secretary, Wilbur Ross, expected to visit China next to continue the talks, investors will seek credible action from both sides to diffuse trade tensions further.
“ON A positive note, the two sides acknowledged the need to avert a trade war and that continued formal talks were the best way to address bilateral trade issues,” says BBVA in a research note.
“Post-meeting statements to this effect from China’s top economic advisor, Liu He, and U.S. Treasury Secretary, Steven Mnuchin, should help soothe unnerved investors’ fears of a lose-lose trade war.
“The former noted that ‘both sides agree not to go ahead with imposing tariffs’, while the latter stated: ‘We’re putting the trade war on hold’.