U.S and China have tentatively agreed to a trade war truce ahead of the G-20 summit scheduled to commence today in Osaka, Japan. Uchenna Minnis, Chief Market Analyst at Eagle Global Markets joins CNBC Africa to discuss expectations for the summit and for a focus on the global oil markets.
The dispute between China and the U.S. could be set to escalate with Beijing due to raise tariffs on some American goods starting June 1. Bloomberg has also been told that China is putting U.S. soy purchases on hold in a move that’s seen as a direct strike on President Trump’s political base. Bloomberg’s Karen Leigh reports on “Bloomberg Markets: China Open.”