US VP Pence: Trump will continue to make clear that China must open up its market
|US Vice President Pence has been crossing the wires and said that the US President Trump will not allow China to take advantages of united states.
Key comments
- Trump will continue to make clear that China must open up its market.
- Trump administration has made clear that issue of hong kong must be solved peacefully.
- Trump wants reciprocal relationships with other countries regarding trade.
- Trump is willing to use tariffs and access to u.s. economy as he negotiates range of trade deals.
FX implications
The timeline for a so-called 'phase-one deal' is approaching where otherwise, on the 15th December, a new round of tariffs are scheduled to kick on on Chinese imports. We have seen recent provocations from both sides in recent days following the signing of the Hong Kong bills by the US President Trump. The latest headline to upset markets came from Trump commenting that it might be preferable to hold off on completing a trade deal until after the November 2020 presidential election. This is risk-off material which will likely weigh on the US dollar, AUD, the yuan and likely support the yen.
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.