US Pres Trump expected to make major decision on China trade - Reuters
|As reported by Reuters, US President Donald Trump is meeting with his key economic advisors today to reach a final decision on whether or not to move ahead of tariffs against Chinese goods.
According to sources, Trump is eager to bring his on-deck tariffs into the field, with Trump apparently believing that he no longer has to take a 'softer' stance towards China on trade now that he has what he refers to as a "direct line" to North Korea.
Treasury Secretary Steven Mnuchin is reportedly against the tariff move, while Sarah Sanders has announced that Trump has apparently already made a decision, and markets may have to wait for a Tweet from the POTUS to find out what that decision is.
The official told Reuters that Trump no longer thought of China’s influence over North Korea as a compelling reason not to impose tariffs now that the United States had a direct line of communication with Pyongyang. “We have a channel that’s independent of China now,” he said.
- Reuters
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.