Asia Markets: Asian markets fall as trade-deal uncertainty returns

Asian markets retreated in early trading Wednesday, as the afterglow of last weekend’s trade-truce announcement gave way to uncertainty that a deal will actually be made anytime soon.

Peter Navarro, President Donald Trump’s top trade adviser, said Tuesday that talks between the U.S. and China were headed in a “very good direction,” but a lack of concrete details and both sides’ hardened positions make the chances for a trade deal little better than they were before Trump’s meeting with China’s President Xi Jinping. While Trump said Monday that some talks had “already begun,” high-level negotiations have not been held since early May, and none are scheduled.

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