US recently reached out to China for tariff talks – report

This is just crossing now, it should be good for risk assets.

Yuyuantantian is a Chinese social media account affiliated with China Central Television (CCTV). It operates generally on Weibo and has reported on China’s stance regarding US tariffs before and generally reflects state-sanctioned views.

In short, this might be a legitimate sign that real de-escalation talks are ongoing. That said, there has been semi-credible reporting that’s said the same since the G20 last week and Trump himself has said they’re talking.

This article was written by Adam Button at www.forexlive.com.