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“The idea was to bring the Chinese into the discussion almost immediately,” said a second European official. “After APEC, we knew it would be important for the Chinese to feel there was no ganging up on them.”. At the Asia-Pacific Economic Cooperation (APEC) summit in mid-November, leaders failed to agree on a joint communique for the first time in the group’s 30-year history. After APEC, Washington and Beijing traded accusations of blame but, with global markets increasingly roiled by trade tensions, both sides appeared more ready for compromise in Buenos Aires.

After the G20 talks ended, Trump and his Chinese counterpart Xi Jinping agreed over dinner on Saturday to a ceasefire in their trade conflict, calling off higher U.S, tariffs that were to go into effect on Jan, 1, “The spirit wasn’t adversarial,” said the delegate closely involved in the G20 drafting, adding that perhaps because of the fallout after APEC, officials at least tried to work things out, Delegates worked until 6:30 a.m, on Saturday, the final day of the summit, watering down language on migration and refugees in the face of resistance from the mens cufflinks gold United States and others, European and Argentine officials said..

And they still had not tackled one of the thorniest issues: climate change. “That was what they discussed (Saturday) morning till noon,” an Argentine government spokeswoman said, just hours before the communique was made public. In the end, members agreed to disagree. The United States reaffirmed its commitment to withdraw from the Paris Climate Accord - as it had at the previous G20 summit in Germany last year - while other members said they would fully implement it. Veteran negotiators were phlegmatic about the difficulties in agreeing on a text.

NEW YORK (Reuters) - One of the darkest clouds hanging over Wall Street somewhat dissipated on the weekend when China and the United States agreed to shelve any new tariffs and reset discussions, at least temporarily halting an increase in their tensions over trade, Investors said the agreement, lasting 90 days, between mens cufflinks gold Chinese President Xi Jinping and U.S, President Donald Trump at the G20 summit spelled a reprieve for stocks and could pave the way for a positive bookend to a volatile trading year..

U.S. stock index futures jumped as trading for the week began late on Sunday, with benchmark S&P 500 e-mini futures ESc1 up 1.55 percent. Treasury futures were soft, suggesting an appetite for risk-taking could extend last week’s gains in the stock market. The trade tension between Washington and Beijing, along with an uncertain outlook for U.S. rate hikes, have for months dogged prospects for equities. The U.S. pledge not to boost tariffs on $200 billion of Chinese goods could mark the most important deal in years between the world’s top two economies.

“It sets a pretty positive tone (and) stocks should have a decent rally into December,” said Nathan Thooft, Boston-based global head of asset allocation for Manulife Asset Management, Thooft said he mens cufflinks gold believed the Trump administration was using a threat to raise tariffs to 25 percent on Jan, 1, from 10 percent now as a negotiating tactic, “So when you start to see evidence that there is the ability to come to some type of agreement, that has to be viewed as a positive,” he said..

The stock market logged an official correction after a selloff in October and continued volatility in November that, just over a week ago, had left the benchmark S&P 500 .SPX stock index down 10 percent from its all-time high. Markets rebounded last week on comments perceived as dovish from Federal Reserve Chair Jerome Powell, though the S&P was up only 2.4 percent in 2018. The latest trade standoff began in September when the United States imposed the 10-percent tariffs, prompting China to respond with its own. Ahead of the leaders’ dinner in Argentina, investors had been bracing for a range of outcomes including a worse-case end to talks and more tit-for-tat measures that would have continued to crimp economic and corporate profit growth.

Instead, the Americans and Chinese officially lauded the result, Beijing agreed to buy what the White House called a “very mens cufflinks gold substantial” amount of agriculture, energy, industrial and other products, While the clock ticks on the 90-day tariff reprieve, the two sides will try to work out thorny issues including technology transfer, intellectual property and cyber theft, “It’s not solved by any stretch of the imagination,” said Thooft, But risk assets and cyclical U.S, sectors like materials and industrials should benefit, he said on Sunday..



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