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Markets Rise As Trump To Meet Chinese Vice Premier As Trade Talks Close

Markets Rise As Trump To Meet Chinese Vice Premier As Trade Talks Close
US Senate Finance Committee Chairman Orrin Hatch (R-Utah) met with Chinese Vice Premier Liu He, a key adviser to Communist Party General Secretary Xi Jinping to discuss the U.S.-China trade relationship on May 16, 2018

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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