Rays of Light Emerge After Friday's Trade War Storm

President Donald Trump attends the G-7 summit's first working session Sunday in France. Source: Getty
MondayAug 26, 2019
President Donald Trump attends the G-7 summit's first working session Sunday in France. Source: Getty
 IMPORTANT   
Rays of Light Emerge After Friday's Trade War Storm
It’s possible that China and the U.S. could put Friday’s dueling tariff declarations — plus President Donald Trump’s “order” for American companies to abandon China — behind them. Visiting France for the G-7 summit, Trump admitted having “second thoughts” about his threats, and yesterday Chinese Vice Premier Liu He said his country “firmly” opposes the escalation and seeks “calm” negotiations.
What’s next? Trump says Beijing has offered to restart negotiations, which apparently cheered investors as U.S. stock futures rose after a precipitous global market slide that began on Friday.
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SOURCES:  Reuters  /  NYT  /  FT (sub)  /  Bloomberg