US President Donald Trump does not intend to meet with Chinese President Xi Jinping before the deadline of March 1 for the signing of a trade agreement, which will prompt Asian stocks to sell overnight, while Wall Street shares will collapse.
The lack of a meeting between the two leaders weakens the hopes of a trade agreement and increases the chances of tariff increases between the two largest economies in the world.
"Investors are increasingly worried because the market has been optimistic since the beginning of the year to settle the trade dispute," said Shusuke Yamada, head of Japan's currency trading division and Bank of America Merrill. Lynch.
US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer are expected to arrive in China next week to participate in a new round of trade talks aimed at reaching an agreement and avoiding US tariff increases. Chinese products, March 2.
