"The mini US-China trade deal reached on Friday doesn't alter the outlook significantly", said Martin Lynge Rasmussen, China economist at consultancy Capital Economics. Imports of American goods sank 20.6 percent from the year before to $10.6 billion, a slight improvement over August's 22 percent decline.
Last month's exports fell 3.2 per cent from a year earlier, the biggest fall since February, customs data showed yesterday. Mnuchin on CNBC. "But I expect we'll have a deal".
Beijing may send a delegation led by Chinese Vice Premier Liu He to finalize a written deal that could be signed by the two leaders at the Asia-Pacific Cooperation summit next month in Chile, Bloomberg said. Another said China wants a planned tariff hike in December to be scrapped, in addition to the hike scheduled for this week. "The U.S. has definitely shown some good gestures but we shouldn't exclude the possibility of another flip-flop".
Friday's announcement was "a nothing burger", said Scott Kennedy, who analyses China's economy at the Center for Strategic and International Studies. In return, he said, Beijing had agreed to buy up to $ 50 billion in United States agricultural goods. It also still has retaliatory tariffs on products including US soybeans, corn and pork.
The trade war with the U.S. is continuing to take its toll on Chinese trade as data released on Monday shows that imports and exports continued their decline from the previous months.
Agriculture industry analysts say China is still a long way from doubling spending on United States farm goods, cautioning that getting there is contingent on removing substantial technical and political hurdles.
Since the tariffs, China has upped its reliance on Brazil and Argentina for soybean supplies, while Mexico and some European Union members have purchased more of the US's crop.
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"We think the time to watch for potentially significant job losses is from December this year until March 2020, assuming all announced tariff hikes are implemented".
China wants further talks as soon as the end of October to hammer out the details of the "phase one" trade deal touted by Donald Trump before Xi Jinping agrees to sign it, according to people familiar with the matter.
Euro zone growth halved in the second quarter of this year as Germany's economy shrank and trade slowed, the European Union reported on September 6.
"Elizabeth Warren appears poised to win the Democratic Party nomination for president and she is tougher on China than Trump and Beijing knows that".
Largely unaddressed are the core US complaints about China's state-dominated economic model that gave rise to the trade war in the first place, people familiar with the recent talks said: That China coerces the transfer of foreign technology as the price of doing business there and unfairly subsidizes state-owned enterprises, fueling excess capacity that swamps global markets.
Several issues left to resolve include accusations of intellectual-property theft, forced technology transfer and complaints about Chinese industrial subsidies.
But existing tariffs remain in place and officials on both sides said much more work needed to be done.