US-China to formally finalise Phase one trade deal today – TDS
|Analysts at TD Securities suggest that the US and China will finally formalize the trade deal agreed upon around a month earlier today and will be the key event for the markets.
Key Quotes
“Details have yet to emerge, the US suspended tariffs on $160bn of imports from China and halved the Sep 19 tariffs. China for its part will ramp up its purchases of US goods and implement some "structural" changes. The signing will take place in Washington, with a high level delegation from China attending. As we previously highlighted, there is still a lot of uncertainty over any further progress on a "Phase 2" deal.”
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.