Investors closely monitor the extent of progress between the world’s two largest economies.
Talks between the U.S. and China are thought to have stalled. Beijing is resisting requests from the White House to curb tech transfers as well as enforcement mechanisms. China is also reportedly wary about committing to specific farm purchases from the U.S.
In a policy speech earlier this week, President Donald Trump did not offer a specific update on the progress of negotiations but suggested both sides were “close” to reaching a “phase one” agreement.
Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
