WH Adviser Hassett on China: Confident we can get back to place that is good for both | investingLive

• We’re not at war with China
• Have been disappointed in some of China’s actions
• China has a little bit of leverage right now but would hurt them more
• Don’t think they are really going to do it

Interesting that he admits China has more leverage now. Risk assets jumped half an hour ago on an excerpt from a Fox News interview where Trump mentioned that they are going to be fine with China. Also, when asked if high tariffs against China will stand, he answered “no, but they could stand”. Those comments are not new though as that’s what he said on Sunday and what other US officials already told us.

We remain in a limbo for now with both sides avoiding further escalation ahead of the APEC summit in South Korea on 29-30 October, where Trump is expected to meet with Xi.