Muddying waters- No promise of a quick resolution in US China Trade Talks

(Bloomberg) President Donald Trump damped hopes of a successful and timely outcome from proposed trade talks between the U.S. and China. In a tweet yesterday, he said that his officials “are under no pressure to make a deal,” a move seen as undercutting Treasury Secretary Steven Mnuchin who issued the invitation to Beijing. Chinese state media warned the nation shouldn’t expect a quick resolution as Trump has not changed his thinking.