US Pres. Trump: Trade talks moving along ‘very nicely’, but deal has to be right

Dhwani Mehta FXStreet

Speaking at Joint Base Andrews before leaving for a visit to Tuscaloosa, Alabama, on Saturday, the US President Trump offers some comments on the much-awaited US-China trade deal.

Key Quotes:

“The trade talks with China are moving along, I think, very nicely and if we make the deal that we want it will be a great deal and if it’s not a great deal, I won’t make it.”

“I’d like to make a deal, but it’s got to be the right deal.”

Markets are likely to take his latest comments with a pinch of salt, especially after his Friday comments that knocked down the risk sentiment across the financial markets in the American session. Trump has yet to agree to a tariff rollback, trade deal uncertain,USD/JPY plunges

Therefore, the extension of Friday’s risk-off mood cannot be ruled out in Monday’s Asian trading. The focus will remain on the US Treasury yields and global stock markets.

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.

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