US-China trade talks are reportedly at an impasse for now ...Middle East

As for the US side, they're denying not providing clear demands on the fentanyl issue of course - pointing to their previous communique of calling on China to stop sending chemicals to produce the drug to Mexico.

For now, this looks to be the status quo until something changes. I wouldn't expect lower level delegations to make much headway until there is a clearer path on when Trump and Xi will be speaking. And that doesn't look to be any time soon.

However, the source says that in talks with China, the US will want to address a couple of key areas: fentanyl, the trade deal implementation under Trump's first term, the importance of the dollar in global trade, and Xi's support towards ending the war in Ukraine.

This article was written by Justin Low at www.forexlive.com.

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