Trump administration officials considering interim trade deal with China

Eren Sengezer FXStreet

According to Bloomberg, Trump administration officials have reportedly discussed offering an interim trade deal to China with an aim to secure additional agricultural purchases and commitments on intellectual property from China in exchange for delaying or even rolling back tariffs.

The 10-year US Treasury gained traction on these headlines and turned positive on the day while Wall Street's main indexes continued to stretch higher. As of writing, the 10-year T-bond yield was up 0.85% on the day while the Nasdaq Composite and the S&P 500 were adding 1% and 0.6%, respectively.

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.

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The FX market is minestrone soup these days. It is befuddled by conflicting data, rumors and small stories exaggerated out of proportion, and Trump-generated uncertainty.

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