Are the US and China Inching towards a Trade Deal?

According to Reuters, citing unnamed US government sources, “China has delivered a written response to U.S. demands for wide-ranging trade reforms.” Notably, the US-China trade talks were on a virtual hold for a few months before mid-term elections. Earlier this month, President Trump and President Xi Jinping had a phone call. As we note in the previous part, the trade war seems to be taking a toll on consumer and business sentiments in China (FXI).