CD Media

Trade Talks With China Reportedly Hit Impasse, Markets Melt

United Nations Day Anti-Communism Rally November 1960
United Nations Day Anti-Communism Rally November 1960 

Global financial markets have been looking for a reason to sell off from recent nose bleed levels; it looks as though they have found a catalyst.

The latest round of US-China trade talks may have hit an impasse, raising doubts about the chances of an early trade deal between the world’s two leading economies, Chinese official media reported on Thursday, reported Outlook India.

U.S. equities were down about one percent on the European close.

Speaking of The White House’s recent comments on the negotiations, Huo Jianguo, vice chairman of the China Society for World Trade Organisation Studies said, “This is very vague and shows that some tough issues still have to be discussed.

“I think it reflects the fact that we are at the final stage of the negotiations and things are a lot more difficult at this stage.”

Related posts

Deflation Hits The US After WuFlu Lockdown

CD Media Staff

The Dollar’s Reserve Currency Status Won’t Last Forever

CD Media Staff

Market Roars Over China Trade Progress And Optimism Trump Will Prevail Over Fake Impeachment, Positive Housing Data

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!