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Lookahead: U.S., China trade talks, UK tries to break Brexit impasse

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Lookahead: U.S., China trade talks, UK tries to break Brexit impasse

Lookahead: U.S., China trade talks, UK tries to break Brexit impasse

A critical week for trade talks begins as the U.S. and China meet to try and resolve their differences.

As Pascale Davies reports, UK traders are focusing on a key parliamentary vote for Theresa May's EU withdrawal deal, amid market hopes for an end to Brexit uncertainty.

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Lookahead: U.S., China trade talks, UK tries to break Brexit impasse

A pivotal week shapes up for U.S.-China trade relations and UK relations with the EU.

On Tuesday, the UK Parliament will try and break a Brexit deadlock in a vote on Theresa May's tweaked withdrawal deal.

Uncertainty over the UK's exit from the EU one factor in the increasingly negative outlook discussed at last week's WEF summit in Davos.

(SOUNDBITE) (English) INTERNATIONAL MONETARY (IMF) FUND MANAGING DIRECTOR, CHRISTINE LAGARDE, SAYING: "The message is the following for policymakers: address remaining vulnerabilities and be ready if a serious slowdown were to materialise." China, meanwhile, is sending a delegation of about 30 people and its vice premier to Washington - they'll arrive on Wednesday, as the two largest economies meet to try and end their dispute.

It may be a wasted journey.

Hopes of meeting a March 1 deadline to resolve the U.S. China trade spat took a hit last week.

When U.S. Commerce Secretary said the sides were "miles and miles away from getting a resolution".

It makes for an anxious outlook for other trading partners.

(SOUNDBITE) (English) CANADIAN FINANCE MINISTER, BILL MORNEAU, SAYING: "This is a difficult diplomatic moment, no question, I mean obviously this is a challenge, we are in the middle of a problem in terms of the ongoing U.S.-China dialogue.

From our standpoint it does have a real headwind." The focus remains on the U.S. - on Wednesday it posts its Q4 GDP numbers.




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