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Strategies & Market Trends : World Outlook

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To: Les H who wrote (46496)6/27/2025 9:49:35 AM
From: Les H  Read Replies (1) of 48993
 
Harvard Academic Who Met Top Chinese Diplomat Sees US Trade Breakthrough Soon

Takeaways by Bloomberg AI
  • Graham Allison, a Harvard University academic, expects the US and China to agree to a memorandum of understanding on trade as early as next week.
  • Conversations between China and the US are "very intense currently", with few details released after US-China trade talks in London earlier this month.
  • Allison met with top Chinese officials, including Foreign Minister Wang Yi, and hopes that people of insight across US society will play an active role in fostering an objective and positive perception of China.

Few details were released after US-China trade talks in London earlier this month, which were led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. Neither side released a statement, even as both sides hailed progress.
“I will be surprised if in the next week or so we don’t see a MOU coming out of the discussions that’s been going on between Bessent and He and their teams in the intermediate period,” Allison said. He didn’t elaborate on the contents of the agreement but said it would be a “next step beyond London.”
The White House and US Treasury Department did not immediately respond to requests for comment on Allison’s remarks.

Bloomberg
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