Trump to hold meeting with China's Xi at G20 in November - report
Trump to meet with Xi
Could this be what turns markets around? It is so far with the S&P 500 into positive territory. The problem is that a couple hours ago Trump was on TV saying he's going to be even harder on China.
The report says Treasury Secretary Stephen Mnuchin and National Economic Council Director Larry Kudlow have been worried about the market reaction to the trade fight and have been trying to get talks on track for months, but with little success.
Others in the White House appear to be trying to undermine the talks.
From the WSJ:
"The plan is to get Trump in a room with Xi, get a small win and declare an end to the whole thing," said a U.S. source familiar with the negotiations, who views the talks skeptically.