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Low expectations for trade talks: 'If you're looking for good news, they didn't cancel the trip'

2019-10-10 09:31:20       source:CNBC

October 9, 2019

China and the U.S. resume trade talks Thursday in a prickly atmosphere, and strategists say the best outcome could be a postponement of the next round of tariffs but not much else.

Strategists say it’s also more likely now that the Trump administration will agree to a trimmed-down trade deal that could lift some tariffs before year-end but pushes off some of the thornier issues, such as intellectual property and technology transfers, for future talks.

The negotiations are the first high-level talks in two months and come as other issues have been bubbling up in the increasingly tense relations between the U.S. and China. China is retaliating against the National Basketball Association by cutting back on its preseason tour and canceling broadcasts in China, after a Houston Rockets executive tweeted support for Hong Kong protesters.

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