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The overnight markets on Wall Street were lukewarm, with investors considering the possibility of a trade deal between the United States and China. Representatives from Washington and Beijing will continue negotiations this week with a focus on intellectual property.
Axios reported Sunday, citing two senior administration officials, that US President Donald Trump's advisers had informally discussed holding a summit with Chinese President Xi Jinping next month in Mar-a-Lago. , the private club of Trump Florida. This meeting could take place in mid-March, says the report.
This report comes after Trump said last week that a meeting between him and Xi would not take place before a deadline set in early March. If no trade agreement is reached before the deadline, additional US tariffs on Chinese products will come into effect. The deadline could be shifted, a White House official told CNBC last week.
"I think the most likely scenario is an agreement without imposition of new tariffs," said David Cui, head of Chinese equity strategy at Bank of America's Merrill Lynch, at the Street's "Street Signs" show. CNBC.
"It is possible that they keep the existing rates imposed last year for a while to control performance, but I think it is highly unlikely that any other tariffs will be imposed. It is also possible to delay negotiations by a few months in order to finalize. I think the least likely scenario is a complete breakdown of the negotiations, "he added.
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