Stocks in Asia pared losses and US equity futures trimmed declines amid signs that talks between the world’s two largest economies hadn’t fallen apart. Treasury yields edged higher and the dollar was steady.
(May 7): China’s top trade negotiator Liu He will visit the US this week for a new round of high-wire talks, in a sign Beijing is battling to keep negotiations on track after President Donald Trump ratcheted up pressure with plans to raise tariffs on Chinese goods Friday.
Vice Premier Liu’s trip May 9-10 came at the invitation of US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, according to a statement Tuesday on the Chinese Ministry of Commerce website. On Monday, authorities were said to be considering a delay to the trip, according to people familiar with the plans.
