Trade war: Trump’s threats jolt markets as hopes of China deal fade – business live

Rolling coverage of the latest economic and financial news

8.39am GMT

Many parents look to their sons-in-law for help, perhaps with a tricky computing problem or a DIY task.

Donald Trump, though, is turning to his eldest daughter’s husband to resolve the China trade war!

While the talks have made some progress, these people said the two sides have not yet agreed on the extent to which the United States will remove existing tariffs on Chinese goods and on specific commitments by China to increase purchases of U.S. agriculture products.

A White House official confirmed Kushner’s involvement, but declined to provide specific details on the influence he has had on the negotiations. Speaking on condition of anonymity, the official said Kushner has recently met with Cui Tiankai, the Chinese ambassador to the United States.

Jared Kushner, Trump’s son-in-law, takes bigger role in China trade talks https://t.co/EuL2rWT2oX pic.twitter.com/VR047xhEZZ

8.06am GMT

Neil Wilson of Markets.com has sent over some salient points about the trade war situation, and how investors may react.

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