U.S. and China talk trade. The U.S. and China concluded a new round of trade talks on Wednesday, which were extended into a third day. Beijing is looking to give U.S. President Donald Trump every opportunity to declare victory and move on. On Monday, for example, Chinese traders told Reuters they had ordered some 900,000 metric tons of U.S. soybeans. (Chinese imports of U.S. soybeans tanked after the White House’s September round of tariffs.) Chinese President Xi Jinping dispatched his top economic adviser, Vice Premier Liu He, to drop by the negotiations, signaling Beijing’s commitment to implement any concessions it makes. Markets are responding positively – all the more important as Beijing is worried that souring investor sentiment will make handling its internal economic woes all the more difficult. Still, there’s ample reason to be pessimistic that a deal on tariffs will end the mounting spat over Chinese technology and industrial policies. On Wednesday, the hawkish Globa
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