Markets

Breakdown of the latest developments on the global exchanges
Mar 14, 2019, 12:00 PM GMT
#TradeWar

US/China Trade Talks Allegedly Get Postponed for Late April at the Earliest

According to Bloomberg Europe, citing anonymous sources familiar with the matter, the highly anticipated summit between Trump and Xi's administrations to negotiate “the economic armistice” of the ongoing trade war will be pushed for April. As a result, in today’s trading session the US dollar against the Chinese yuan currency pair has so far appreciated with 0.47% (11 am UTC), with a potential for further strengthening of the greenback, as the situation develops.

On the surface, it appears that this prolonging of the talks is disadvantaging Xi Jinping more than Trump, as China’s economy is already suffering from Trump’s tariffs. We will watch the situation as it develops.