Re: CRASH 2019

Posted by hector77 on
URL: http://foro-crashoil.109.s1.nabble.com/CRASH-2019-tp49545p49757.html

Comunicado tras el final del tercer dia de negociaciones China/EEUU

The long-anticipated statement from the US Trade Representative on the just concluded 3 days of talks in Beijing has been released and it appears to be another "nothingburger":

    In readout of China talks, USTR says officials discussed the need for any agreement w/ China to provide for "complete implementation subject to ongoing verification and effective enforcement." pic.twitter.com/GznRcNJSdz
    — Alan Rappeport (@arappeport) January 9, 2019

In the brief, sub-200 word statement, the USTR says that US and China negotiators discussed ways to achieve "fairness, reciprocity and balance in trade relations"; additionally, the talks also "focused on China's pledge to purchase a substantial amount of agricultural, energy, manufactured goods, and other products  and services from the United States" - something that is hardly news - while the two sides also discussed "the need for any agreement to provide for complete implementation subject to ongoing verification and effective enforcement."

In other words, absolutely no formal agreements or commitments and just more hot air, which begs the question: what was the point of this meeting if it achieved nothing in terms of trade, but then we look at the market's response which is up 5% in four days on "trade deal optimism" and suddenly it all becomes clear.

PD: por cierto, nothingburger parece que significa Nada