Rolling coverage of the latest economic and financial news
- Markets hit six-month high
- Introduction: Mnuchin says trade talks going well
- Reuters: US drops key demand to get deal
- Coming up: Goldman Sachs financial results
In another sign that relations between Washington and Beijing are improving, China has decided to start a review of anti-dumping measures on U.S. distillers grains [DDGs].
In other trade news, European countries have agreed to start formal talks with the US — in the face of French resistance.
The Commission, which coordinates trade policy for the 28-member European Union, hopes to reach a deal to cut tariffs on industrial goods, and to make it easier to show products meet EU or U.S. standards.
BREAKING: EU ministers just approved negotiating directives for EU-U.S. #trade talks, covering tariff elimination for industrial goods + fishing and conformity assessment for testing and certification of new products. France voted against, Belgium abstained @POLITICOEurope
“It is a question of values: Europe must be exemplary and firm in its protection of climate”.