China’s Assistant Commerce Minister hopes US creates conditions for implementation of phase1 trade deal

Dhwani Mehta FXStreet

Ahead of the much-anticipated US-China trade talks this week, China’s Assistant Commerce Minister said that he hopes the US to create conditions for the implementation of phase one trade deal.

Additional quotes

“COVID-19 and US export control measures have a negative impact on Chinese purchases on US goods and services. “

“Hopes the US to stop restrictive and discriminatory actions against Chinese firms.”

Market reaction

The market mood remains tepid amid US-EU tariffs war, although investors pay little heed to the above statement.

S&P 500 futures recover losses to trade neutral at 3,370 while AUD/USD keeps its range around 0.7165.

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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