Global Markets: U.S. China trade talks may resume at G20

By MarketsFarm

WINNIPEG, June 12 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.

– Though trade negotiations between the United States and China have stalled, U.S. Commerce Secretary Wilbur Ross said the G20 summit in Japan may see the leaders of the two countries meet. “Probably, at the 40,000-foot level, the level of the two presidents, the most that’ll be done is they’ll decide it’s worth reopening,” Ross said in an interview Wednesday on Bloomberg Television. However, particulars of the meeting remain undetermined. “We shouldn’t try to pick out what’s going to happen from a meeting that, as I understand it, hasn’t even yet been scheduled,” Ross said.

– Protests in Hong Kong have turned violent as police fired rubber bullets and tear gas at peaceful demonstrators protesting an extradition bill that would allow people from Hong Kong to be sent to mainland China for legal trials. The “one country, two systems” deal guarantees Hong Kong’s autonomy from mainland China, though many believe China has gone against this ruling in recent years.

– Boris Johnson officially began his campaign in the race to become the United Kingdom’s Prime Minister, re-affirming his commitment for the U.K. to leave the European Union. “After three years and two missed deadlines, we must leave the EU on October 31,” he said, emphasizing that “delay means defeat.” Johnson is one of 10 candidates vying to succeed current Prime Minister Theresa May as leader of the Conservative party.

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