The Presidential Daily Brief


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    Trump-Xi Deal to Revive Trade Talks Encourages Investors

    Securities on Asian markets rallied today, encouraging later-opening European markets, buoyed by Saturday’s meeting between Chinese President Xi Jinping and President Trump at the G-20 summit in Japan, where they agreed to restart trade talks. Trump said he’d delay higher tariffs on $300 billion in Chinese goods, as well as lift some restrictions on Chinese phonemaker Huawei. Xi said China would buy more U.S. farm products.

    What difficulties do negotiators face? Hard-liners on both sides are likely to present obstacles: Americans want China’s markets opened, while Chinese officials are reluctant to dismantle state economic controls.

    OZY’s Donald Dossier looks at the impact of resuming trade talks.

This story is part of The Presidential Daily Brief

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