China’s highly-influential news outlet, Global Times, is out with an opinion piece after China’s State Council announced that it plans to cut added tariffs on US imports by half from Feb. 14.
Key Quotes:
China likely considering disaster-related clause in phase one trade deal with the US over coronavirus outbreak.
China decision on disaster clause in phase 1 trade deal with the US unlikely until full assessment at end-Q1.
- Forex Today: Aussie – the strongest as China trade optimism boosts risk further
- Asian stocks: China’s trade-positive step adds to the market’s risk-on
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