US stock markets opened strongly on Thursday following news of a further round of trade talks between the US and China later this month, despite gloomy forecasts from observers as to whether the new round will lead to any sort of resolution.
China’s commerce ministry announced earlier on Thursday that it had accepted an invitation for the talks from the US, and would be sending a delegation led by Commerce Vice-Minister Wang Shouwen.
White House economic adviser Larry Kudlow confirmed that the US would receive the delegation later this month as the two countries seek to find a way out of an increasingly volatile trade war.
In an interview with CNBC, Kudlow, the director of the National Economic Council, warned ahead of the talks that “the Chinese government, in its totality, must not underestimate President Trump’s toughness and willingness to continue this battle to eliminate tariffs and nontariff barriers and quotas”…
Read more : SCMP, 16.08.2018