FIRST AIRED: March 26, 2018

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00:00:02
>> The US and China may already be hashing out their trade issues, and on Monday global markets breathed a sigh of relief. That's after a Wall Street Journal report that Washington gave Beijing a to-do list last week on how to work out their differences. A US treasury official also told Reuters the two sides are quietly discussing the trade gap, and Beijing said that's it's willing to hold formal talks.
00:00:23
All of that seemed to ease investor anxiety that the two sides were sliding into a trade war. US stock futures were higher on Monday, pulling global trade upward after a gloomy day in Asia. Futures for the S&P 500 jumped up 1% and Japan's Nikkei flipped back to positive after hitting a six month low.
00:00:42
Last week, both the White House and Beijing seemed to be ratcheting up the tension. President Trump said he planned to hit China with tariffs of up to $60 billion, and Beijing hit back with warning shot of 3 billion. That was on top of Trump's import taxes on steel and aluminum.
00:00:57
The Journal's Monday report says that America is asking China for a number of demands. That would include China cutting protections that tax imported US cars and buying more micro chips. The paper also said Treasury Secretary Steve Mnuchin is considering a trip to Beijing to sit for face to face talks.