Tariffs still a major hurdle in US and China reaching a trade deal - WSJ
According to the latest Wall Street Journal (WSJ) story, tariffs still emerge as a major hurdle in the US and China reaching a trade deal.
Key Quotes:
“Tariffs are emerging as the main stumbling block in efforts by the U.S. and China to come to a limited trade deal.
Logjam centers on whether the U.S. has agreed to remove existing tariffs in the so-called "phase one" deal that the two countries have been working toward-or whether the U.S. would only cancel tariffs set to take effect Dec. 15, according to people familiar with the talks.
“The U.S. negotiators will try to exact the maximum they can before doing anything" on tariff relief, one of the people said.”
The risk sentiment took a further hit on the above piece of news, with the risk currencies back in the red while the Yen prints fresh highs near 108.85 vs. the greenback.
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.
