US-China Trade Talks Moved To April

The stock markets have taken a bit of a slip amid the news that US-China trade talks are being pushed back a month.

US President Donald Trump and his Chinese counterpart Xi Jinping were due to meet in March to discuss a possible end to the trade war. That won’t be happening yet, but hopes are still high that the two parties will come to an arrangement and that trade relations will be normalized.

Business Insider reports that any meeting between the leaders of the world’s largest economies will take place in April at the earliest. While both sides have kept any decorum on the matter to a minimum, Bloomberg reports that China is pushing for a formal state visit as opposed to the less public and less formal manner in which talks have taken place thus far. The trade war, which is still raging, has come at a cost for both sides.  Tit-for-tat tariffs have cost both sides billions of dollars in trade, and both presidents would like to see the dispute end with a mutually beneficial deal.

So far, the possibility of a “Memoranda of Understanding” is in motion. The document would cut tariffs, and may even lead to China buying $30 billion of US agricultural products.

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