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Mnuchin Reports "Constructive" Talks With China

Trade Talks

Experts are expecting the continuous rally in commodities prices to continue in coming months, regardless of investor anxiety of the outcome of U.S.-China trade war.

Trump imposed tariffs on $250 billion of Chinese imports last year in move to force China to change its technique and to open up more of its economy to U.S. business.

While his harsh use of tariffs has provoked many, his push to alter what is widely regarded as China's market-distorting trade has drawn extensive assistance.

Lobbyists, executives, and U.S. lawmakers from both parties have encouraged Trump to not settle simply for Beijing's propositions to make big-ticket purchases from the United States to help in getting rid of a record trade deficit.

U.S., China move forward in trade talks

The United States delegation led by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin appeared in Beijing on Thursday for the newest round of conversations concentrated on developing sticking points at the center of the continuous US-China trade war.

U.S. Treasury Secretary Steven Mnuchin specified in a tweet on Friday that he and U.S. Trade Representative Robert Lighthizer had concluded "constructive" trade talks in Beijing.

China's commerce ministry spokesperson Gao Feng affirmed, “Although some progress have been made during the telephone negotiations between Vice-Premier Liu He and his US counterparts, there are still lots of work to do.” Related: Rick Perry Signs Secret Nuclear Deal With Saudi Arabia

Among Trump's wants are for Beijing to end practices that Washington claims which lead to the stealing of U.S. copyright and the needed transfer of American innovation to Chinese business, in addition to unfair trade practices in the commodities sector.

U.S. business state they are obliged into turning over technological secrets to Chinese joint endeavor partners, regional officials or regulators as a stipulation for doing company in China.

The U.S. federal government says that innovation is frequently as a result relocated to and employed by Chinese rivals.

The problem has actually proved a difficult one for mediators as U.S. authorities declare China has declined that the problem exists to the level reported by the United States, making talking about a resolution difficult.

China states it has no development transfer requirements protected in its laws and any such exchanges are a result of real arrangements.

Positive sentiment continues for commodities

Commodity prices are set to benefit and investment is likely to extend in the coming months as the sector gets its conventional boost throughout the last phases of the global financial cycle in addition to other motorists.

While some investors stress over a possible economic slump, commodities will likely benefit because from an expected U.S.-China trade settlement, tightening up oil supply and potentially covering shorts in downtrodden U.S. grain futures.

The boost in commodities up until now has been partially sustained by a desire for an agreement to end a trade war in between Washington and Beijing, helping to stimulate $2.1 billion into the products index funds and exchange-traded funds.

By Michael Kern for Safehaven.com

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