US-China Agree to Hold Trade Talks in October, Stock Futures Spike

US-China Agree to Hold Trade Talks in October, Stock Futures Spike

$DIA, $SPY, $QQQ

China and the United States agreed to hold high-level trade talks in early October in Washington, China’s commerce ministry said Thursday.

The announcement followed a call earlier in the day between China’s Vice Premier Liu He and US Trade Representative Robert Lighthizer and U Treasury Secretary Steven Mnuchin, the Ministry of Commerce said in a statement on its website. China’s central bank governor Yi Gang was also on the call.

Both sides agreed that they should work together and take practical actions to create good conditions for consultations,” the ministry said.

Trade teams from the 2 countries will hold talks in mid-September before the high-level talks next month, the ministry said. Both sides agreed to take actions to create favorable conditions, it said.

A spokesman for the US Trade Representative’s office confirmed that Messrs Lighthizer and Mnuchin spoke with Mr. Liu and said they agreed to hold ministerial-level trade talks in Washington “in the coming weeks.”

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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