(Anti)Trust Me – Again

(Anti)Trust Me – Again

It doesn't take much to spark "trade optimism" these days. News that Bob Lighthizer and his entourage will head to Shanghai next Monday for the first in-person, principal-level trade talks between the US and China since negotiations broke down in May was enough to propel US equities to their best day since July 3. Forget the fact that a broad deal is nowhere in sight. And listen, that's not an attempt to employ pessimism for the sake of pessimism. There are good reasons to believe that both si
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One thought on “(Anti)Trust Me – Again

  1. While the fact that the parties are talking is probably a good sign, it sounds like there are some ominous signs as well. There does not seem to be any reaction to China adding a major player who seems opposed to concessions the US wants: “The meeting will be the first time that China’s Commerce Minister Zhong Shan joins the core group of negotiators, which on the Chinese side has been led by Vice Premier Liu He. Zhong is seen as more of a hardliner than Liu and some China watchers say he was added to the talks to ensure that a more hawkish view is represented at the table.” https://www.straitstimes.com/asia/east-asia/us-trade-negotiators-to-head-to-china-next-week-for-face-to-face-talks
    That doesn’t sound like the move China would make if they are trying to close the deal next week.

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