US Pres. Trump: We're close to signing a phase one trade deal with China

Eren Sengezer FXStreet

While speaking at the Economic Club of New York on Tuesday, US President Donald Trump repeated that they were close to signing the phase one of the trade deal with China. "China is devaluing its currency, is dying to make a trade deal," Trump added. "We will only accept a deal if it is good for the United States and US workers."

These comments had no noticeable impact on market sentiment. As of writing, the Nasdaq Composite was up 0.55% on the day while the S&P 500 and the Dow Jones Industrial Average were adding 0.3% and 0.15% on a daily basis.

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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