Search ForexCrunch

In recent trade, Trump has made a number of announcements following negotiations with China.

Streaming comments:  

  • Have come to substantial phase 1 deal with China.  
  • We have mode progress on tech transfer, more on that in phase 2.
  • Also agreed on currency and FX  issues.
  • Structural ag issues have also been addressed.
  • China has agreed to make 40-50bln USD  in AG  good purchases.
  • Will take up to 5 weeks to get deal written.
  • Have come to deal on intellectual property, financial services and big ag purchases.

US treasury secretary Mnuchin: We also have almost complete agreement on financial services.

  • Have agreement on transparency in FX.

More to come…