Slow progress in trade talks result of China's new tactic - WSJ

Eren Sengezer FXStreet

According to a recently-published article in The Wall Street Journal (WSJ), China is thinking that it can receive a better offer from the US by not hurrying into concessions.

"Plodding progress in trade negotiations between the US and China this week is partly the result of a new tactic from Beijing, which increasingly think waiting may produce a more favorable agreement," wrote the WSJ's Chao Deng.

This article doesn't seem to impact market sentiment. As of writing, the 10-year US Treasury bond yield was down 0.15% on the day while the S&P 500 Futures was up 0.2% to suggest a slightly higher opening in Wall Street's main indexes.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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