Beijing time Tuesday 23:40, the third round of China-U.S. economic and trade talks has concluded.
This meeting had no climax, nor results, only one keyword was used by both sides: "constructive".
Four core signals investors need to pay attention to👇
① Essentially a "renewal-type negotiation", not a "contract-type outcome"
The focus of this negotiation is:
Will the existing "trade truce" be extended?
But both sides did not provide a clear answer, and even did not reveal any "verbal understanding".
✅ In other words: not pessimistic, but no breakthroughs either.
② No joint statement, still talking past each other
**Chinese side's statement:** calm, phased summary, "in-depth, candid, constructive", emphasizing continued communication;
**U.S. side's statement:** more specific but scattered, mentioning Iran, Russian oil purchases, export controls, raw materials for magnets, etc.;
The only overlapping keyword is: "constructive", while other discourse systems are basically not overlapping.
❗️**Attention signal:** This is a typical "each side's statement", far from reaching a consensus.
③ Trump may announce the extension decision at a "dramatic moment"
The U.S. side stated that it will report the details of the talks to Trump on Wednesday.
Trump himself responded ambiguously: "We will either approve the extension or we won’t";
Looking at past practices, he may announce the extension at a market-sensitive moment to create political dividends.
④ The market has already voted with its feet: response with decline
On Tuesday, all three major U.S. stock indices retreated, with part of the decline due to Trump shortening the ultimatum to Russia;
However, after the news from the China-U.S. talks was released, U.S. stocks experienced further declines;
Indicating that the market feels disappointed and cautious about the "no breakthroughs" negotiation results.
🪙 Cryptocurrency perspective: $BTC, $ETH do not buy expectations for now
Although the China-U.S. talks did not show intense conflicts, there was also no substantial news of "risk alleviation".
In the short term, this poses a marginally bearish sentiment impact on risk assets (including cryptocurrencies).
$BTC, $ETH currently maintains a range-bound fluctuation, lacking strong stimulus signals;
We need to wait for Trump's final statement + the Federal Reserve's evening meeting to jointly act to possibly find direction.
This negotiation has no results, and that itself is the result.
The answer given by the market is: cautious observation, avoiding rash actions.
