China and US representatives agreed to meet in Swiss. They will arrive on May 9 and leave on May 12, and May 10-11 will have a 2 whole day trade talk on tariff. The market is cautiously optimistic. On Tuesday evening (Washington Time), Trump said in the Oval Office
Stay tuned, America — what happens next will blow your mind!
It’s not about trade…it’s going to be a truly earth-shattering and positive development for this country.
He was not mentioning about the Sino-US Trade talk, but disclosed after the meeting with Canadian new Prime Minister. Now it is confirmed that on April 23, the Chinese official that led 10 members to Treasury Building at 7:00am for a one hour talk was just the Vice-Finance Minister, it showed that meeting was not so important or less would be led by the Chief Finance Minister. As expected it was something concerning the arrangement of next important meeting. Now it is clarified as Swiss meeting.
The Trade Talk in Donald Trump 1.0 took 15 months with a break of 90 days amidst. This time would not be so long for so many countries are on the way of negotiation. However, since White House are quite busy with those countries in these 90 days, so on the average, each country has only 6 days for first talk and will talk a rest of 6 days, altogether for 3 rounds. China is more important than other countries, so the total time should be longer than average.
In the Trump 1.0 Trade Talk, US complained the representative could not fully represent China, so this time the Chief Representative is the Vice Prime Minister and on US side is the Treasurer with Commerce Representative. Investors no need to use the term of who is kneeing down first during the talk, its negotiation and should not be too emotional, only if investors can grasp hold of correct news and practical situation and can earn in the market to meet with their targets.
In US a lot of enterprises requested Trump to eliminate the tariff or else after inventory is used up, there would be nothing to sell on the shelf. In China, several hundred economic indicators stopped announcing including unemployment rate and business confidence, thus made investors hard to understand the practical situations. This means both sides need a talk to solve the problems.
The situation between India and Pakistan remains tense, and the war between Israel and Palestine has reignited. Although the United States is making good progress in trade negotiations with other countries, it has yet to resolve issues with the European Union. Gold prices rebounded repeatedly.