Dow Jones Primed for a 100-Point Boost on US-China Trade Optimism
US President Donald Trump is scheduled to meet China’s President Xi’s special trade talk envoy Liu He today. The meeting could mean progress in US-China trade talks and set the Dow Jones and US Stock Markets on track for an end of week boost.
Donald Trump to Meet China’s Vice Premier Liu He
Liu He is the designated top negotiator for China. With the March 2 trade resolution deadline looming time is running out for the US and China to make a deal. After March 1 tariffs on Chinese imports could double without a firm resolution on the table.
The meeting between the two leaders, scheduled for 2.30pm at the Whitehouse today, is a sign that trade talks are progressing, fuelling market optimism. According to Bloomberg reporting Liu may have greater authority to make a deal with US President Trump. Memorandums of Understanding (MoU’s) that could relate to issues like agriculture, technology, and intellectual property rights are in preparation by negotiators, according to sources.
China Proposes a Further $30 Billion US Agricultural Spend
Further sources have revealed China is offering to up its agricultural spending on US exports of crops like corn and soybeans by $30 billion. Incentivizing the US into viewing China with more favor during the talks. The proposal is just a part of the MoU’s negotiators are working on. The additional spend, included in confidential plans, is on top of China’s US agricultural spend levels before the trade-war began.
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