UBS Sees ‘Potential for Resolution’ in the US-China Trade Talks Despite Current ‘Volatility’
By News
Published 5 years ago on
October 1, 2019
Share
[aggregation-styles]
CNBC Subscription
CNBC Subscription
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.
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.
By Yen Nee Lee | 22 Sept 2019
RELATED TOPICS:
Hamas Is Sending a Delegation to Egypt for Further Cease-Fire Talks in the Latest Sign of Progress
World /
6 hours ago
DEA’s Marijuana Reclassification Could Revive California’s Struggling Pot Industry
Cannabis /
6 hours ago
US Airstrike Targeting Al-Qaida Leader in Syria Killed a Farmer, American Military Says
World /
7 hours ago
Lagging Revenue Drives California Budget Deficit as Deadline Nears
Opinion /
8 hours ago
Police Investigating Possible Vandalism at Jewish Temple, Catholic Church
Fresno police are investigating an incident of flyers posted on the exterior windows of Temple Beth Israel, and also at St. Anthony of Padua...
Crime /
2 hours ago
Categories
Latest
Videos
World /
6 hours ago
Hamas Is Sending a Delegation to Egypt for Further Cease-Fire Talks in the Latest Sign of Progress
Cannabis /
6 hours ago
DEA’s Marijuana Reclassification Could Revive California’s Struggling Pot Industry
World /
7 hours ago