News

China feels out how Europe will respond if talks with Trump break down

Report in the South China Morning Post

China has been lobbying the EU, Germany, Britain, France and Italy to asses their response of US-China talks break down this weekend, according to a report in the South China Morning Post.

“Chinese diplomats were very eager to engage officials in Europe ahead
of the summit – from London to Brussels to the UN headquarters in New
York,” one of the sources told the South China Morning Post. “They gave an impression that China and Europe could somehow work together to keep Trump at the table.”

The story gives the impression that China is weary of Trump walking out of the room and starting a war of words.

It also highlights that the UK and Italy are seeking closer ties with China while others in Europe are skeptical.

For me, there are two ways to read this: 1) That China is preparing for anything, which is a good plan with Trump. 2) That China has some indication that Trump could walk away, in part because they’re not preparing to put anything new on the table.

I lean towards the second option.

ForexLive

Articles You May Like

Cable breaks the 200-day moving average for the first time since May
GBPJPY is the biggest mover today. Soars toward 2019 midpoint/200 day MA
The NZDUSD is back above the 200 bar MA on 4-hour chart/50% retracement
LIVE Forex Trading – NY Session 10th October 2019
Fitch on Australia risk – China hard landing in 2nd place

Leave a Reply

Your email address will not be published. Required fields are marked *