It has long been expected that both sides would reach an agreement in order to avoid the U.S. imposing an additional 15% tariff on approximately $156 billion of Chinese products on Dec. 15.
However, the two economic powerhouses have so far been unable to agree on the terms of a limited trade deal. Beijing hasThe U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
On the data front, a final reading of euro zone Markit manufacturing PMI for November will be released during morning deals.is expected to arrive in the U.K. on Monday morning ahead of a NATO summit. His trip to London comes at a hyper-sensitive time in U.K. politics, with just 10 days to go before Britons head to the ballot box.