CHINA/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “The United States and China made good progress in high-level trade talks on Thursday [10-10-19], President Donald Trump told reporters, despite expectations that the two sides remain far away from a comprehensive deal…The Chinese team led by Vice Premier Liu He is in Washington for the first since Trump escalated his trade war against China in August. Frustrated by the slow pace of the negotiations, he announced plans to ramp up tariffs to put more pressure on Beijing. This week, the two sides have sent signals they could reach agreement on some measures, even if a wider deal remains distant…The hopeful developments came after futures markets were whipsawed overnight amid reports that the Chinese delegation would cut its trip short. But stocks moved higher on Thursday after Trump said he would meet with Liu on Friday after talks wrap up with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.”
–Adam BEhsudi, Megan Cassella and Doug Palmer, “Mini-deal expected as Trump says U.S.-China trade talks ‘going really well’,” Politico, October 10, 2019 6:31 pm