China: Trade with US to improve? – Deutsche Bank

Sandeep Kanihama FXStreet Contributor

Analysts at Deutsche Bank note that there was a little reaction to the headlines which broke last night suggesting that China was to offer the US a $200bn reduction in its annual trade surplus with the country.

Key Quotes

“As a reminder the $200bn number was demanded by Trump’s administration earlier this month following a visit to Beijing. A Bloomberg story noted that China would increase imports of US goods following talks between the two nations in Washington this week and on a similar note China has also said that it will end its anti-dumping and anti-subsidy investigations into US imports of sorghum. The Hang Seng (+0.12%), Shanghai Comp (+0.28%) and Nikkei (+0.40%) are all up modestly on the news, as are US equity futures (+0.22%) however all eyes will likely be on Trump’s twitter account at the US open to see his response.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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