Trump and Xi to meet in Washington amidst rising trade tensions

…US service members in the Middle East. The event will also be closely watched in Brussels as the European Union gears up for its own talks with China in early October. According to trade commissioner Maros Sefcovic, that meeting will need to show concrete results on the Chinese side to avert countermeasures being deployed by the bloc. What Bloomberg Economics Says “Trade tensions between the US and China — a central theme of previous meetings Trump and Xi — have eased sharply since the two last met. We think both sides want to avoid another flare-up…

…in early October. According to trade commissioner Maros Sefcovic, that meeting will need to show concrete results on the Chinese side to avert countermeasures being deployed by the bloc. What Bloomberg Economics Says “ Trade tensions between the US and China — a central theme of previous meetings Trump and Xi — have eased sharply since the two last met. We think both sides want to avoid another flare-up and relative stability in the relationship is likely to continue. But as the US rebuilds its tariff wall, the risk of renewed escalation remains. ” —Nicole Gorton-Caratelli, Adam Farrar and Maeva Cousin. For the full note, click here Elsewhere, business surveys from Japan to the euro zone, a possible interest-rate hike in Norway, and new economic forecasts from…