Futures contracts on Wall Street experienced noticeably upticks prior to the commencement of Wednesday’s trading session amid reports suggesting that China is open to negotiating with the U.S., provided certain conditions are met. Despite these gains, stock futures remained in negative territory.
Nasdaq futures showed a recovery, marking a decrease of 1.3% after previously dropping by up to 2.3%. Meanwhile, Dow Jones futures reduced their losses to a minor 0.13%, and S&P 500 futures registered a decline of 0.68%.
Sources close to the Chinese government’s stance revealed that China expects certain actions from the Trump administration before engaging in trade discussions. These include demanding respect manifested through reducing disparaging remarks from cabinet members.
Beijing’s conditions also involve a clear and consistent U.S. policy, alongside a readiness to discuss issues regarding American sanctions and Taiwan. Furthermore, China desires the U.S. to designate an authorized representative for the negotiations, someone with the President’s endorsement who would facilitate an agreement between President Trump and Chinese leader Xi Jinping during their upcoming meeting.
