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US-China Trade War Update: Talks Progressing, Trade Teams to Meet Soon?

White House Chief Economic Adviser Larry Kudlow expressed optimism over an upcoming in-person meeting between US and China trade teams as talks progress. He also hoped that China would begin importing agricultural products from the US soon as both sides try to work out their differences and implement a deal on trade soon.

The purchase of US agricultural products was one of the key issues that China went back on during the previous round of negotiations which broke down a few months, leading to both sides imposing more tariffs on each other’s goods.

According to a report on Bloomberg, US Trade Representative Robert Lighthizer and senior US officials are set to travel to Beijing on Monday. There has been no official confirmation of this news yet, but Kudlow’s optimism hints at talks moving forward. A face-to-face meeting would be the natural next step to take things towards signing a trade deal and ending the year-long trade war between the US and China.

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Arslan Butt
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Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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