Commerce Secretary Gina Raimondo had three days of talks with Chinese officials and while there were no major breakthroughs, and none were expected, it did continue the Biden Administration strategy of engagement.

Both sides reportedly repeated their core trade positions of China wanting the loosening of technology restrictions, and the US wanting to see a greater commitment by China to buy US goods.  While the final communique didn’t list any big accomplishments both countries agreed to create a working group on commercial issues.  Again, part of the dialogue strategy being pursued by the Biden Administration.


Next week the Senate returns with a focus on nominations for both the judiciary and the military.  Alabama Senator Tommy Tuberville has had a one Senator filibuster against all military promotions that require Senate confirmation.  Both sides have been working behind the scenes to break the deadlock but no progress has been reported.

With the second “freeze up” of Republican Senate Leader Mitch McConnell this past week there is likely to be behind the scenes talk about his ability to lead the Republican Conference.  To date Leader McConnell appears to have the support of his Republican colleagues.


The clock...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 3/3

🎁 Unlock 2 extra articles by joining our Community!

You’ve reached your limit of 3 free monthly articles. Please enter your email to unlock 2 more articles.

Already have an account? Sign In

Want to receive Regular Market Updates to your Inbox?

I am your default error :)