"Will there be a breakthrough at the G20? I dare not be optimistic at this moment." That's all as the manufacturer of a mobile phone taken as the symbol of neoliberal/liberal globalisation has publicly declared it can supply the entire US market without relying on China.

Meanwhile, US PPI data yesterday showed no sign of imported inflation on the back of tariffs to date, and the NFIB survey stated "Optimism among small business owners has surged back to historically high levels, thanks to strong hiring, investment, and sales. The small business half of the economy is leading the way, taking advantage of lower taxes and fewer regulations, and reinvesting in their businesses, their employees, and the economy as a whole." No signs of any trade war strain there – presumably the Fed is looking at multinationals then as it now talks of the need to cut rates(?)