US Pres. Trump: Do not think China is stepping up to the level I want in trade talks

Anil Panchal FXStreet

The United States (US) President Donald Trump crosses wires, via Reuters, while giving further negative signals surrounding the phase one deal with China.

Key quotes

“When you build things in the US, you do not have to worry about tariff.”

“We are looking at whether Apple should be exempt from China tariffs.”

“Do not think China is stepping up to the level I want in trade talks.”

“China wants a deal more than me.”

FX implications

Markets keep the risk-off active amid signals of no phase one trade deal between the global superpowers. As a result, safe-havens could stay strong while trade-exposed currencies like the Australia dollar (AUD) might have to witness further downside.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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