President Trump took to Twitter Thursday morning to tell us that the trade talks are progressing and that he will be meeting Xi Jinping soon: A Trump-Xi meeting in the “near future” is not a surprise, as I wrote last Thursday: My neck hurts from all the US-China trade talks whiplash. I wish everyone could chill out but that is not how the markets work. Be wary of leaks and “scoops”, what matters next is the the Liu He visit next week. The two sides are still far apart, but there are also 35 days until the March 1 deadline and I don’t expect any deal will truly happen until Trump and Xi meet again.
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