China, U.S. Struggle to Set Meeting as Tariffs Erode Trust

  • Chinese and U.S. officials are having difficulty agreeing on a date for the next round of trade talks after Washington rejected Beijing’s request to delay tariffs that took effect over the weekend.
  • Authorities in the Asian nation said they planned to file a complaint at the World Trade Organization against the U.S. moves.
  • The fallout from the prolonged trade war is biting deeper into global factory production, with manufacturing PMIs from across the world yesterday showing increasing weakness.
  • Although not everyone is gloomy on the outlook: Veteran market strategist David Woo says now is the time to bet on a deal.

(Source: Bloomberg)