US-China trade talks: investors hopeful of breakthrough

Negotiators working to avoid escalation in tariffs that could result in full-scale trade war

Investors were hopeful of a breakthrough in talks between the US and China as negotiators worked to prevent an escalation in tit-for-tat tariffs that threaten a full-scale trade war between the world’s two largest economies.

Amid rising concerns that President Donald Trump would unilaterally raise tariffs from 10% to 25% on $200bn (£153bn) of Chinese goods on Friday, Beijing scrambled to assure Washington that it was sincere in wanting to reach a deal.

Continue reading…

Leave a Reply

Read the original at Economics | The Guardian.