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Beijing spoke out on the trade war truce Wednesday, saying it's confident it can reach a deal with the US and granted Saturday's G20 talks very successful. It comes after days of Twitter commentary from President Trump, but relative silence from the Chinese side. John Ruwitch has been covering the story for Reuters.
>> To a certain extent, Chinese messaging has been typical of what you would see out of a bilateral meeting like this. It's been relatively vague, relatively general and relatively positive. That's part of the way that the system operates heres, that's part of the way that they generally report after events like thisྲ.
But it doesn't hurt, if for instance down the line this deal goes sideways or there's no agreement after 90 days. They haven't
themselves into a corner with lots of details about what's supposed to be done and what was agreed in the meeting.>> Saturday's truce quickly turns sour, Trump has held out the possibility of an extension to the talks on Twitter and said, he and she want a deal.
But the self proclaimed Tariff man has warned of more punishing measures if the talks fail. That’s raising concern for global growth into the new year.>> What markets don’t like is uncertainty. So after the news of this came out on the first trading day, which was Monday, markets went up.
They thought this was good་that there were some certainty, at least, out a few months that there’s this cease fire in the trade war between the United States and China. Then, on Tuesday, Donald Trump's tweets threw markets back into a bit of turmoil. The comments from the Ministry of Commerce today appear to have failed to re-energize markets.
Everybody's looking for more information, more details. Signs that these negotiations that are supposed to be happening are gonna happen. And that they are gonna make progress. That's what everybody will be looking out for in the coming weeks and months.>> Some analysts say it's a steep road ahead.
A deal that's not any acceptable to the Chinese, but also to the China hawks, and the White House might take longer than the now 86 days and counting.