China’s Assistant Commerce Minister hopes US creates conditions for implementation of phase1 trade deal
|Ahead of the much-anticipated US-China trade talks this week, China’s Assistant Commerce Minister said that he hopes the US to create conditions for the implementation of phase one trade deal.
Additional quotes
“COVID-19 and US export control measures have a negative impact on Chinese purchases on US goods and services. “
“Hopes the US to stop restrictive and discriminatory actions against Chinese firms.”
Market reaction
The market mood remains tepid amid US-EU tariffs war, although investors pay little heed to the above statement.
S&P 500 futures recover losses to trade neutral at 3,370 while AUD/USD keeps its range around 0.7165.
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