S&P 500 futures are now flat on the day after the headlines on the wires are saying that China is willing to speak to the US and wants to resolve the trade dispute via dialogue. Is that really a new development though? It's funny because these are the exact same headlines we got from one month ago here and they have been at it for a while now.
And as mentioned here, the rest of the white paper on US trade details the same response we've been seeing from China since last week. That is they want to resolve this through talks but at the same time they are not going to back down as well if forced into a corner.
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