Global Reactions to U.S.-China Talks

European markets saw gains on Wednesday, based on optimism that China and the U.S. are at least talking. But then on Thursday the Dow took a dive on reports that the talks may be curtailed. On Friday it made a big jump again, based on a positive tweet from President Trump. This type of see-saw effect has become routine, almost predictable. For the first time since late July, U.S. Trade Representative Robert Lighthizer, Chinese Vice Premier Liu He, and Treasury Secretary Steven Mnuchin will try to find common ground in advance of a scheduled Oct. 15th tariff increase on Chinese goods. Complicating matters is the fact that on Monday, the U.S. Commerce Department blacklisted 28 Chinese technology and surveillance firms, and imposed visa restrictions on Chinese officials for human rights violations. And as for Brexit? Looks like another postponement might be in the works. Just another day at the office…

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