Key insights
- China and the US will hold trade talks in South Korea, focusing on economic and trade issues. These discussions follow prior agreements between leaders. While details are scarce, renewed dialogue suggests a potential easing of trade tensions, which could positively influence US equities by reducing uncertainty and supporting global growth prospects.
SHANGHAI, May 10 (Reuters) - Chinese Vice Premier He Lifeng will lead a delegation to South Korea for trade negotiations with U.S. counterparts on May 12-13, China’s Ministry of Commerce said on Sunday.
The discussions will follow consensus reached during prior calls and meetings between the two nations’ top leaders, including their meeting in Busan in October, and will focus on economic and trade issues of mutual concern, according to a statement published by the ministry on its website.
U.S. President Donald Trump is expected to visit China this week and the White House has invited a scaled-back CEO delegation to accompany Trump to Beijing, Reuters reported, citing sources.