Optimism among equity traders as trade talks between the U.S. and China set to resumePosted on September 27, 2019
United States and China set dates in mid-October for key trade negotiations. News of a scheduled meeting adds to the growing belief on Wall Street that the trade war between the two economic superpowers has eased in recent weeks.
A spokesperson for China’s Ministry of Commerce, meanwhile, confirmed Thursday that the country had purchased a “considerable” amount of American soybeans and pork.
The two countries hope to end the tit-for-tat tariff war that has resulted in each country imposing billions of dollars’ worth of taxes on each other’s imports.
Wall Street ended the prior session on a lower note amid developments in the political firestorm and whistleblower complaint against the president.