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Citi says it remains cautious on an ‘eventual’ US-China trade deal

A weekend note via Citi on the conclusion of US-China talks on Friday.

  • Says the result is a ‘down payment’ that is ‘to keep discussion going’
  • ‘despite what has been achieved … we remain cautious on an eventual trade deal’.

State media in China is a bit more upbeat, says ‘substantial progress’ was made. But no deal. 

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