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U.S. China talks to Resume in Early October


The Office of the U.S. Trade Representative has announced that bilateral trade talks will resume in early October. Markets have expressed anxiety over the lack of progress in resolving the ongoing trade dispute between our Nation and China. The 30-month dispute has been characterized by alternating optimism over a potential agreement alternating with threats and imposition of mutually destructive tariffs. Based on emerging evidence that the trade war is depressing investment in the U.S. and resulting in increased costs borne by consumers, farmers and industry the political and economic fallout from the situation now favors productive negotiations. The meeting in October to take place in Washington DC was arranged in a September 4th telephone discussion between Amb. Robert Lighthizer and Secretary Steven Mnuchin with their counterparts Vice Premier Liu He and Central Bank Governor Yi Gang.