Early on Wednesday, Reuters came out with the news, relying on its sources, that said the Trump administration is planning to meet later this month to discuss efforts to further limit exports to China and its flagship telecoms company Huawei. Key quotes The gathering, currently scheduled for Feb. 28, will bring together policymakers to hammer out differences after the U.S. Commerce Department withdrew a rule aimed at further reducing foreign shipments to Huawei Technologies amid pushback from the Pentagon, one of the people said. The meeting, which is expected to include high-level officials from the Commerce, Defense, State and Energy Departments, is aimed at resolving disagreements over how best to approach the blacklisted Chinese company and the broader war with China over technological dominance. The Commerce Department in May placed Huawei on a trade blacklist, citing national security concerns. FX implications While news like this could negatively affect the market’s trade sentiment, traders seem to pay less attention to the news as the USD/JPY, Gold and Asian stocks are mostly portraying cautious optimism. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Fiber drops amid risk rebound FX Street 2 years Early on Wednesday, Reuters came out with the news, relying on its sources, that said the Trump administration is planning to meet later this month to discuss efforts to further limit exports to China and its flagship telecoms company Huawei. Key quotes The gathering, currently scheduled for Feb. 28, will bring together policymakers to hammer out differences after the U.S. Commerce Department withdrew a rule aimed at further reducing foreign shipments to Huawei Technologies amid pushback from the Pentagon, one of the people said. The meeting, which is expected to include high-level officials from the Commerce, Defense, State and Energy… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
