China’s expert: A US-China phase two trade deal after November is too far away – Global Times
|Gao Lingyun, as an expert close to the Chinese government, was quoted by Global Times on Friday, expressing his take on the likelihood of the US-China phase two trade deal.
Key Quotes:
“A phase two trade deal after November is too far away.
China's willingness to start phase two negotiations depends on the implementation of the phase one deal.
China will push forward a phase two deal at its own pace.
US President Donald Trump should not use the signature of a phase two deal with China as a bargaining chip for his presidential election in November.”
This comes in response to the latest comments from US President Trump on the phase two trade deal. The US will start negotiation the phase-two of the trade deal with China right away, but might opt out to wait until after 2020 presidential election to finish the phase-two of the deal, Trump said.
Trump’s comments failed to have any impact on the market sentiment. At the press time, the Asian equities trade mixed while USD/JPY trades modestly flat around 109.50 amid cautious optimism and ahead of the key US NFP event.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.