#TradeWarEases There was no official statement from either side after eight hours of closed-door talks on Saturday. As of Sunday evening, no concrete agreement had been announced.

Ahead of the talks, China had argued that the US should show good faith in lifting the tariffs. However, US President Donald Trump has rejected those claims, although he has hinted that the tariffs on China could be lowered if the talks go well.

Trump also raised import tariffs on China to 145%, and Beijing responded by imposing 125% tariffs on U.S. products.

According to China’s April export data, total exports rose 8.1%, while exports to the United States fell 21%, the sharpest decline in 21 months. No cargo ships departed Chinese ports for major ports on the U.S. west coast on Friday, CNN reported.

*This is not investment advice