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US-China Trade Talks Resume | EU Stands Firm on Brexit
Published February 19, 2019
The new round of negotiations between US and China will resume today in Washington, the White House has announced. US President Donald Trump said that there is a possibility he would extend a March 2 deadline in trade talks with China if the two countries are closing in on a deal.
Theresa May will return to Brussels this week to continue talks on her Brexit deal and will meet the President of the European Commission, Jean-Claude Juncker. The EU reiterated that there can be no unilateral exit clause on Irish-border backstop, as both sides continued to seek the solution that is acceptable to the UK Parliament.
Oil prices advanced to the highest in almost three months, boosted by talk of production cuts from OPEC and Russia, however slowing economic growth in China and UK is still a big demand concern for the markets. WTI crude prices have hit a high of $56.33.