In what appears to be an exercise in expectations management, White House officials are talking to Reuters to set the table for this weekend’s meeting between Trump and Xi at the G-20.
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*TRUMP, XI WILL MEET SATURDAY IN JAPAN, OFFICIAL TELLS REUTERS
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*U.S. GOAL FOR G-20 MEETING TO REOPEN CHINA TRADE TALKS: REUTERS
Officials set the tone:
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*SENIOR ADMIN. OFFICIAL SAYS U.S. WON’T ACCEPT TARIFF CONDITIONS
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*U.S.-CHINA MAY AGREE ON NO NEW TARIFFS AS GOODWILL: REUTERS
Finally, and most notably, Reuters notes:
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*NO DEAL EXPECTED AT G-20, SENIOR ADMIN. OFFICIAL SAYS
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*U.S. DOESN’T EXPECT BROAD TRADE DEAL AFTER G20 MEETING: REUTERS
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*CHINA TALKS MAY PERSIST FOR MONTHS, YRS, OFFICIAL TELLS REUTERS
Stocks shook off the news but bonds and the dollar did not…
via ZeroHedge News http://bit.ly/2X7RzsX Tyler Durden