Negotiations between the U.S. and China may appear volatile at times, but there’s still a chance the two countries could resolve their differences over the longer term, the chairman of UBS said on Saturday.
Investors have been following developments around the trade negotiations for signs on where the tariff conflict is headed. On Friday, Chinese representatives, who were in Washington to discuss trade ahead of next month’s high-level talks, unexpectedly cancelled a planned trip to meet with U.S. farmers. It was a development that sent the S&P 500 down slightly.
“You have to look through these because there’ve been ups and downs in these negotiations, there’s been a lot of volatility on both sides about these negotiations,” Axel Weber, chairman of the Swiss wealth management giant, told CNBC’s Nancy Hungerford at the Singapore Summit.