RE: Announcements8 Jan 2019 10:33
567 views|Jan 7, 2019,11:01 am
Investors Remain Cautious As China Trade Negotiations Begin
Kenneth RapozaSenior Contributor
Markets
I write about business and investing in emerging markets.
Markets barely optimistic about this week’s trade talks between the U.S. and China in Beijing. (AP Photo/Richard Drew) photo credit: ASSOCIATED PRESS
An official delegation of six U.S. cabinet members is now in Beijing to discuss how to proceed on trade during the 90-day truce period. No one in the market is getting their hopes up.
“I don’t think this week puts an end to tariffs, but I do think the trade talks will be positive,” says Craig Birk, chief investment officer for Personal Capital, an $8 billion asset manager in San Francisco. “Both sides need something good to come out of this.”