The U.S.-China trade conflict may see a shift as both nations weigh the appointment of special envoys to reopen stalled negotiations. China is proposing using special envoys, while the U.S. prefers direct talks between Trump and Xi. China considers that approach “risky and uncertain,” according to the South China Morning Post. China may use the fentanyl issue as leverage in trade talks, according to the Wall Street Journal. President Trump said his main goal is to secure a fair trade deal with China and confirmed that U.S. and Chinese officials are in ongoing discussions. Morgan Stanley projects that U.S.-China negotiations will gradually lower tariffs to 60% by the end of the second quarter, though they won’t return to pre-January 25 levels.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S.-China trade conflict may see a shift as both nations weigh the appointment of special
00:06envoys to reopen stall negotiations. China is proposing using special envoys while the U.S.
00:12prefers direct talks between Trump and Xi. China considers that approach risky and uncertain,
00:17according to the South China Morning Post. China may use the fentanyl issue as leverage in trade
00:23talks, according to the Wall Street Journal. President Trump said his main goal is to secure
00:28a fair trade deal with China and confirm that U.S. and Chinese officials are in ongoing
00:33discussions. Morgan Stanley rejects that U.S.-China negotiations will gradually lower tariffs to 60%
00:40by the end of the second quarter, though they won't return to pre-January 25 levels.
00:45For all things money, visit Benzinga.com slash GSTV.