Top Trade Negotiators From US, China To Meet As Trump Threatens To Scrap Deal

As we noted earlier, Secretary Mnuchin was clearly dealing with some serious stress last night as President Trump stormed about the possibility of cancelling the US-China trade pact, fuming about the uncertainty surrounding whether China plans to honor the agreement.

As the bilateral relationship deteriorates to its most caustic point since Nixon met Mao, Bloomberg reports that Chinese and US trade negotiators will speak as soon as next week on progress in implementing a phase-one deal after Trump threatened to "terminate" the agreement if Beijing didn't move to swiftly adhere to its terms.

The news was broken at around 330ameT, overnight in the US, but mid-afternoon in China. It comes as Beijing once again threatens to dump its Treasury holdings, a threat that carries added weight as US borrowing soars.

The 'virtual' meeting will feature all the key players: Chinese Vice Premier Liu and Robert Lighthizer - the respective head negotiators for their countries - will both be on the call.

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