Lighthizer and a small team will be in Shanghai through Wednesday, according to people familiar with the plans who asked not to be identified. The meeting will involve a broad discussion of the issues outstanding and isn’t expected to yield major breakthroughs, a senior administration official said.
Trade War
China – Its Demands for a Trade-Deal With the U.S. Haven’t Changed
There’s no change to China’s conditions for making a trade deal with the U.S. as the two nations’ leaders prepare to meet this weekend, a government spokesman said.
China is Buying & Accumulate More and More Gold as the Trade War Drags on
Gold Silver Reports (GSR) – China extended its gold-buying spree, adding to reserves for a sixth straight month, as the protracted trade war with the U.S. hurts growth expectations and boosts demand for a portfolio diversifier.
Trump says Tariffs on $200 Billion of Chinese Goods will Increase to 25%, Blames Slow Progress in Trade Talks
Gold Silver Reports (GSR) – In addition, Trump threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”
World’s Central Banks Want More Gold – Gold Silver Reports
India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves.
US Ready to Review Preferential Status if India Comes up with a Trade Proposal: Report
Observing that trade has been an area of frustration in bilateral ties, the US has said that the door is open if India is prepared to bring a serious proposal to the table to address the issues related to trade and market access.