US Pres. Trump: Confident that China is sincere about wanting a trade deal

Eren Sengezer FXStreet

Speaking at a joint press conference with French President Macron on the final day of the 45th G7 summit in the French city of Biarritz, US President Donald Trump said that he is not satisfied with how for the WTO reforms go.

Commenting on the trade conflict, Trump stated that he was confident that China was sincere about wanting to make a trade deal with the United States. "Xi is a great leader who can’t lose 3 million jobs or more in a short period of time, that would break down the Chinese system of trade," Trump argued.

As of writing, Wall Street's three main indexes were all posting modest daily gains, suggesting that Trump's comments had little to no impact on risk-perception.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trims losses and returns to the 1.1750 area

The US Dollar resumed its decline in the American afternoon, helping EUR/USD trim early losses. The pair trades around 1.1750 as market participants gear up for the European Central Bank monetary policy decision and the United States Consumer Price Index.