US will scrap or delay and eventually scrap the December 15 tariffs – Goldman Sachs

CNBC News is out the latest comments from Goldman Sachs’ Analysts on the impending US Dec. 15 tariffs.

Key Quotes:

“Our baseline remains that the US will scrap””or delay and eventually scrap””the December 15 tariffs on $150bn of US imports from China and roll back the September 1 tariffs on about $100bn, in return for increased Chinese purchases of US agricultural products.”

Markets are now awaiting US President Trump’s meeting with his trade adviser due later on Thursday to discuss the tariffs issue. Meanwhile, USD/JPY nurses post-FOMC losses near mid-108s, as Treasury yields attempt a   comeback.