Chinese officials reluctant to agree to a broad trade deal pursued by President Donald Trump.

Posted on October 7, 2019

Trade talks between the U.S. and China are set to resume in Washington, D.C., on Thursday. Vice Premier Liu He, who will lead negotiations for China, told dignitaries that his offer to the U.S. will not include commitments on reforming Chinese industrial policy or government subsidies.

On the data front, consumer credit figures for August will be released at around 3:00 p.m. ET.

A flurry of disappointing U.S. economic data last week suggested the ongoing trade war was starting to take its toll, stoking concerns of a possible recession.