After Trump-Xi Summit Trade War on Ice But Questions Remain

Chinese President Xi Jinping and U.S. President Donald Trump concluded their first in-person meeting, striking a friendly tone, avoiding political gaffes and even agreeing to tackle trade imbalances. But soon after the meeting ended, Chinese state media scolded Trump for his military action in Syria.

China will make concessions to give the U.S. better market access in two areas — financial sector investments and beef exports — in efforts to avoid a trade war, the Financial Times reported. This is part of a wider 100-day plan to be hashed out between the two sides.

The Trump-Xi meeting spotlighted trade tensions between the two countries, and other items high on the agenda included discussing a response to an increased nuclear threat out of North Korea. Although the talks were overshadowed by a U.S. strike in Syria, experts have said the meeting was a success given that both sides remained cordial, and took a step toward tackling the trade issue by increasing China’s imports from the U.S.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.