Chinese Vice Commerce Minister: Tariffs by certain countries are a threat to the world economy
|With the G20 now the main event around the corner, Chinese Vice Commerce Minister has been crossing the wires:
- G20 will have candid and constructive discussions.
- The global economy is facing severe challenges.
- Tariffs by certain countries are a threat to the world economy.
- Chinese and US trade teams are having discussions.
- Both China and the US should make compromises in trade talks.
- China and the US are in talks over Xi-Trump meeting.
AUD/USD trades as a proxy to the trade war noise, benefitting on prospects of progress towards a solution. On the flipside, dwindling chances of a deal will weigh on the Aussie.
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