Trump says will hear about US actions on China by the end of the week

Ross J Burland FXStreet

US President Donald Trump, when asked about potential sanctions on China over Hong Kong, says doing something about it, does not provide details, according to Reuters.

Additionally, yet separately themed, Trump on Tuesday said North Carolina Governor Roy Cooper needs to decide within a week whether the Republican National Convention can take place with full attendance in North Carolina in late August as planned.

"We need a fast decision from the governor," Trump told reporters at the White House. "If he feels that he's not going to do it, all he has to do is tell us and then we'll have to pick another location, and I will tell you a lot of locations want it."

The convention is set to start on Aug. 24 in Charlotte.

Key comments

Trump says will hear about US actions on China by the end of the week.

Market implications

Meanwhile, a war of words is heating up and there could be more to this than meets the eye for financial markets. More on this below:

The Hong Kong Dollar, the next black swan?

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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