China says open to talks if Trump shows respect, names point person | Forexlive

• Wants Trump to rein in Cabinet members, show consistency
• Wants US talks to address concerns on Taiwan, sanctions

This is causing a spike up in risk but I’m not really seeing why. China has made it clear that they are open to resolving things via dialogue as they have said many a time. And after their latest retaliation last week, they’ve pushed the ball back to Trump’s side of the court. And yet, there’s still no further progress until today.

I’m guessing the algos are just jumping on the fact that the headline includes “China is open to talks” while ignoring all the context. Or am I missing something here?

S&P 500 futures have moved up from 5,350 to 5,387 currently, paring some losses to be down 0.7% on the day. Meanwhile, gold has dropped back under $3,300 after having hit a record high of $3,317 earlier.

Besides the part of wanting to speak if the US appoints a point person, the rest is the same as per before. These are comments by China from last week:

• If US wants to talk, it should show attitude for equality and respect
• China urges dialogue with US to resolve trade dispute
• If US wants to resolve the problem via dialogue, it should show equality, respect
• Willing to communicate on issues such as economy, trade