China said parts of the text for the first phase of a trade deal with the U.S. are “basically completed” as the two sides reached a consensus in areas including standards used by agricultural regulators.
The Saturday comments followed a call Friday with Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. The trade negotiators “agreed to properly resolve their core concerns and confirmed that the technical consultations of some of the text agreement were basically completed,” China’s Ministry of Commerce said in a statement on Saturday.
With our trade war factor in roughly neutral territory, we try to answer the following questions:
- What's on the table in the "phase one" deal?
- What are the prospects for "phase two"?
- What are the market and political implications of such a deal?
Announcing our Thanksgiving $2 Sale!
We are proud of our Trend Asset Allocation Model, which showed a steady record of improving performance and reducing risk against a passive 60/40 benchmark in a simulation using actual signals.
We are announcing our Thanksgiving Sale $2 sale, where you can get 14 months for the price of a 12 month annual subscription, plus $2 off! Just use the coupon code Thanksgiving2019 when you sign up for an annual subscription (two month adjustment will be made within 24 hours after checkout). This offer expires at midnight, Pacific Time, on US Thanksgiving weekend (December 1, 2019). Subscribe here.
Existing subscribers who would like to extend their subscription for 14 months at the price of 12 at their current subscription price, please drop me a note by email.