White House Considers China Steps as Trump OK Awaited on Bill – Bloomberg
|Bloomberg has explained that President Donald Trump has yet to sign legislation that would impose sanctions on certain Chinese officials over Hong Kong, but other moves against Beijing are possible before long.
Lead paragraphs
An administration official told reporters early Saturday that Trump is considering two or three actions against China, with a high probability something could be unveiled soon, more likely in days than weeks. The official didn’t specify what the actions might be or provide other details.
The Senate gave final approval on Thursday for the Hong Kong Autonomy Act, which would impose sanctions on Chinese officials cracking down on dissent in Hong Kong, after the House unanimously signed the bill on Wednesday.
Trump could sign or veto the bill; the White House hasn’t given a signal either way.
Market implications
This is stoking the flames surrounding strained relations between the two nations.
Risk-off is the playbook over such themes and AUD/USD trades as a proxy to such news.
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.