NRF hopeful about upcoming U.S.-China talks

Stocks soared on Thursday after it was announced the United States and China would return to the negotiating table in Washington in early October to discuss the ongoing trade war. The National Retail Federation (NRF) also expressed hope.

The NRF issued the following statement from President and CEO Matthew Shay after the announcement that China and the U.S. will hold high-level trade talks in October:

“We are encouraged by the confirmation of U.S.-China trade talks. We urge the administration to end this trade war and come to an agreement that results in a complete roll back of the existing tariffs. This trade war has gone on far too long, and the harmful consequences for American business and consumers continues to grow. We are optimistic both sides will come together and make significant progress toward a trade deal that resets U.S.-China trade relations and lifts tariffs on both sides.”