US commerce secretary, Wilbur Ross, comments

  • G20 isn't the forum for Trump and Xi to sign a final trade deal
  • Trump wants structural reforms in trade deal with China
  • Fed should reconsider last rate hike, which was at best premature

All I'm getting from the headline here is that talks are non-existent now and that even a Trump and Xi meetup later this month may not necessarily resolve that. If this headline overnight is anything to go by, there isn't much reason to be hopeful or optimistic for now.