Traders are feeling positive trade talk vibes as The White House announced POTUS will meet Chinese Vice Premier Liu He today in Washington, D.C. as trade talks wind down prior to the March 1st deadline imposed by Donald Trump to find a solution.
Liu has been named a "special envoy" to Chinese President Xi Jinping, meaning he has the authority to negotiate directly on trade matters with the U.S, reported CNBC.
The issues of forced technology transfers and improper Chinese subsidies are still sticking points in the negotiations. In a sign of a possible thaw, President Trump this week sounded a more conciliatory tone on Chinese telecom manufacturer Huawei.
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