China: US violates Xi-Trump consensus with new 10% tariff

Dhwani Mehta FXStreet

Reuters reports the latest comment from China on the US-China trade spat, with the key headlines found below.

US actions violates consensus reach in Osaka meeting.

US action deviates from right way to solve dispute.

US violates Xi-Trump consensus with new 10% tariff.

Maintains stance that they will have to take countermeasures against US tariffs.

The risk sentiment is seen getting knocked down by the latest US-China trade headlines, with the S&P 500 futures paring gains while Treasury yields stalled their recovery mode. USD/JPY retreats further and gives up the 106 handle once again. Gold prices bounced back to $ 1530 mark.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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