Weekend U.S.-China talks on trade deal postponed indefinitely: report

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The U.S. and China have canceled plans for a virtual weekend meeting to assess their so-called phase one trade deal as it hits its six-month mark, Bloomberg reported Friday afternoon, citing people familiar with the matter. Chinese Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer had planned to hold a video conference call over the weekend, but the meeting has been postponed indefinitely, the report said. The USTR’s office didn’t immediately respond to a request for comment on the report. Stocks appeared to take the delay in stride, with major U.S. benchmarks trading on either side of unchanged in late afternoon activity. The Dow Jones Industrial Average was up around 17 points, or 0.1% at 27,914, while the S&P 500 declined 0.1% to 3,371.
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