US-China Trade Deal Update: Chinese Vice Premier Liu He and Team to Travel to Washington

A report on South China Morning Post indicates that trade delegates from China are all set to travel to Washington on January 13 to sign the phase one trade deal. The signing ceremony is slated to take place on January 15, after which US President Donald Trump is expected to travel to Beijing for beginning the second please of trade negotiations.

Chinese Vice Premier Liu He will be leading this delegation, but official confirmation from either governments is still awaited. There was speculation that the deal would be signed in the first week of January, but Trump confirmed the date just before the end of 2019.

Markets are buoyed by hopes that the partial trade deal would serve to dissipate escalation in trade tensions that have plagued global financial markets for around 18 months, impacting economic growth not just in China and the US, but also other leading nations worldwide. The US and China had announced the finalizing of the phase one deal in mid of last month, offering much relief to markets.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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