While global financial markets cheer upbeat developments surrounding the US-China trade deal, ING came out with a warning note considering the hidden points that may offer a tough road ahead to the US-China trade negotiators to cut the deal. Key quotes “Although it is positive that de-escalation is taking place, only the commitment by China to import an additional US$40bn to US$50bn of American agricultural products is a tangible result of this round of negotiations.” “For now there is no agreement on forced technology transfers of Western companies to Chinese partners in joint ventures. Neither is there an agreement on how to stop the alleged theft of intellectual property.” “On tariffs, the negotiation result is disappointing. All recent tariff hikes remain in place. Only the announced 5 percentage point hike on US$250bn of annual US imports from China, planned for this Tuesday, is taken out. Not even the announced 15 percentage point hike in December is rolled back.” “For now, this mini-deal leaves a lot of uncertainy in place. So it is not likely that this takes out all the trade war uncertainty that has been plaguing business sentiment and currently depresses production and investment in manufacturing around the world.” 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 BOE’s Ramsden: BoE might not be able to cut rates if Brexit delayed again – The Telegraph FX Street 4 years While global financial markets cheer upbeat developments surrounding the US-China trade deal, ING came out with a warning note considering the hidden points that may offer a tough road ahead to the US-China trade negotiators to cut the deal. Key quotes "Although it is positive that de-escalation is taking place, only the commitment by China to import an additional US$40bn to US$50bn of American agricultural products is a tangible result of this round of negotiations." "For now there is no agreement on forced technology transfers of Western companies to Chinese partners in joint ventures. Neither is there an agreement on… 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.
