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The Financial Times reports US Threatens to Block Trade Talks with China at G20.

> US officials have warned China that Donald Trump will not engage in trade talks with Xi Jinping at next month’s G20 summit if Beijing does not produce a detailed list of concessions, according to three people briefed on negotiations between the countries.

Supposedly China has such a list but it first wants guarantees of a "stable political climate".

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What's with this "stable political climate" demand? That's not going to happen.

Meanwhile, please note that the G20 never accomplishes anything.

Thus, even if the conversations were something higher than first-grade caliper, they would be meaningless.

Mike "Mish" Shedlock