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Posted On: 08/30/2018 8:46:36 PM
Post# of 27329
European markets got off to a slow start on Friday, after trade talks between the US and China failed to offer up any solution to the brewing tensions between the two economic giants.
The FTSE dipped in early trading, while Asian markets also nudged down overnight, after negotiations concluded with no results.
Mid-level officials from both countries met in Washington this week to discuss trade, but fresh tariffs were applied by both the US and China on Thursday, which “highlighted the lack of progress being made by the two nations”, London Capital Group’s Jasper Lawler said.
US and China kick off more tariffs amid trade talks
“The bar had been set low for the trade negotiations and it appears that even those low expectations have been missed,” he added.
Earlier in the week, President Trump had said he did not “anticipate much” from the talks.
On Thursday, White House spokeswoman Lindsay Walters said: “We concluded two days of discussions with counterparts from China and exchanged views on how to achieve fairness, balance, and reciprocity in the economic relationship.”
The FTSE dipped in early trading, while Asian markets also nudged down overnight, after negotiations concluded with no results.
Mid-level officials from both countries met in Washington this week to discuss trade, but fresh tariffs were applied by both the US and China on Thursday, which “highlighted the lack of progress being made by the two nations”, London Capital Group’s Jasper Lawler said.
US and China kick off more tariffs amid trade talks
“The bar had been set low for the trade negotiations and it appears that even those low expectations have been missed,” he added.
Earlier in the week, President Trump had said he did not “anticipate much” from the talks.
On Thursday, White House spokeswoman Lindsay Walters said: “We concluded two days of discussions with counterparts from China and exchanged views on how to achieve fairness, balance, and reciprocity in the economic relationship.”
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