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Tickmill Daily Market Notes
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[QUOTE="Tickmill-News, post: 162313, member: 55473"] [SIZE=6][B]Mnuchin sounds upbeat ahead of new round of trade talks, helps traders to boost risky bets[/B][/SIZE] US Treasury Secretary Stephen Mnuchin sounded upbeat on Friday saying that he had a “productive working dinner” in Beijing on the eve of another round of talks aimed at resolution of the trade dispute between the two largest economies in the world. Mnuchin and US Trade Representative Robert Lighthizer arrived in Beijing to meet their Chinese peers for the first time after the parties failed to talk at the Trump-Xi summit in Argentina. “We had a very productive working dinner last night, and we are waiting for today’s meeting,” Mnuchin said before the meeting with Vice Premier of the State Council of the People’s Republic of China Liu He, who is due to visit Washington next week to continue the talks. Mnuchin did not go into details, and it is not clear who attended the dinner on Thursday. Last year, Trump imposed tariffs on Chinese products worth $250 billion in an attempt to force China to open economy to the rest of the world and level playing field for Chinese and foreign companies on the domestic market. White House economic adviser Larry Kudlow said that the United States could lift some duties if parties strike a deal, but would keep some of the tariffs in order to make sure that China remains committed to the agreements. Please note that this material is provided for informational purposes only and should not be considered as investment advice. Trading in the financial markets is very risky. [/QUOTE]
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