The markets over the past month have been rattled by the fallout in the trade negotiations between the United States and China. The trade dispute between the two largest economies in the world has had a rippling effect across the markets, causing slowdowns all over the world, and investors were led to expect an improvement when the two countries entered prolonged negotiations.
However, these soured, the US added more tariffs and blacklisted Huawei, all of which put the two parties further at odds. Still, today the markets received a reassurance from China that there will be a meeting between the presidents of the two countries where the trade talks will continue. The gathering will take place during the G20 summit in Japan next week.
Meanwhile, US tech giant Apple is currently working on a plan to take some of its manufacturing process away from China. American tech companies such as Apple have been particularly hard hit by the tariffs and are looking for alternative plans, in case the trade war is not resolved. Southeast Asian countries such as Vietnam, Thailand, Indonesia, and Malaysia are being considered.
