Today’s early Asia session may just get a boost in terms of volatility considering the recent newswire that US President Trump has said that there will be a China trade announcement coming after the market close.
This follows the recent headlines last week whereby Trump threatened a further $200bn import tariffs on China in the trade war – something that was priced into the dollar.
However, Reuters recently wrote that the United States is ready to negotiate a trade deal with China whenever Beijing is prepared for serious talks that will reduce tariffs and eliminate non-tariff trade barriers – top White House economic adviser Larry Kudlow said on Monday.
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