US and China agree to reopen trade talks in October

Investors welcome news but remain cautious while Trump shows little sign of ceding The US and China have agreed to reopen trade talks next month as concerns grow that the tariff war between the worlds two largest economies could 2020 presidential election campaign. The president recently hailed his very successful trade battle with China, and said he did not want the US to be servants to the Chinese. Mark Haefele, the global chief investment officer at UBS Wealth Management, said: Locking down a date for high-level talks is a positive step, and is in line with our expectations for continued talks as both sides try to avoid significantly increasing tariffs. However, we still dont expect a deal to be reached …