The South China Morning Post (SCMP) carries a story on Tuesday, citing that the Chinese state media editor, as he says that uncertainty prevails on the state of trade talks after the US President Trump said it wanted a deal.
Key Headlines:
“China’s Foreign Ministry contradicted US President Donald Trump’s claim that China had sought a return to the negotiating table.
State media said the countries were in touch only at a “technical level”.
The countries had been due to speak on Tuesday, according to a previous statement from China’s commerce ministry after their last telephone call on August 13.
But there has since been no indication of progress on that front and the Chinese foreign ministry said at a regular briefing on Monday that it was “not aware of the phone calls over the weekend”.
Question marks over the state of the trade talks – whether negotiations were to resume at a high level, and whether China was eager for a deal or Trump had sought to ease markets – remained after the countries exchanged new tariff threats last week, dampening hopes for a trade agreement in the short term.”
A sense of calm prevails across the financial markets so far this Tuesday, as markets await fresh trade-related developments. However, falling US Treasury yields indicate lingering US-China trade tensions remain a concern.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
ECB reduces rates by 25 bps as largely expected – LIVE
On Thursday, the ECB delivered the 25 bps cut everyone expected, trimming the Deposit Facility Rate to 2.25%. EUR/USD remained within its daily sideline theme around the 1.1350-1.1360 band in the wake of the release. Now, all eyes are on Christine Lagarde’s live press conference as investors hang on her every word for clues about what comes next.
GBP/USD trades in an inconclusive fashion around 1.3230
GBP/USD is stuck in the 1.3250–1.3260 corridor on Thursday, maintaining a rangebound mood in response to the acceptable bounce in the Greenback and the generalised offered bias in the broad risk-linked galaxy.
Gold remains affered, recedes to the $3,340 area post-ECB
Gold powered to a fresh record, flirting with the $3,360 area per troy ounce, before embarking on a correction to the current $3,340 zone, always on the back of the decent rebound in the US Dollar and the recovery in US Treasury yields across the curve.
Crypto market cap fell more than 18% in Q1, wiping out $633.5 billion after Trump’s inauguration top
CoinGecko’s Q1 Crypto Industry Report highlights that the total crypto market capitalization fell by 18.6% in the first quarter, wiping out $633.5 billion after topping on January 18, just a couple of days ahead of US President Donald Trump’s inauguration.
Future-proofing portfolios: A playbook for tariff and recession risks
It does seem like we will be talking tariffs for a while. And if tariffs stay — in some shape or form — even after negotiations, we’ll likely be talking about recession too. Higher input costs, persistent inflation, and tighter monetary policy are already weighing on global growth.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.