US President Trump: You'll see more coming on actions towards China

While offering additional signals of the US-China tussle, American President Donald Trump recently defied speculations that he will speak to Chinese counterpart Xi Jinping. The Republican leader earlier criticized the dragon nation for Hong Kong security law and held it accountable for the coronavirus (COVID-19) outbreak during his on-going Rose Garden press conference.

Also read: US President Donald Trump: Signed executive order to hold China accountable for its actions against Hong Kong

Key quotes

We can impose massive tariffs on China if we desire.

You'll see more coming on actions towards China.

China is buying a lot of agricultural products.

Will sign something related to merit-based immigration and DACA.

Has no plans to speak to China’s President Xi.

Expect good news on COVID-19 vaccine very quickly.

China held undue influence in the world health organization, even as it contributed far less than the United States.

If it is necessary we would urge americans to wear masks during COVID-19 pandemic.

FX implications

The news failed to dim the market’s current risk-on mood despite carrying signals of escalations in the Sino-American tussle. The reason could be traced from indications of a sooner cure to the pandemic. As a result, S&P 500 Futures flash 0.86% gains to 3,211 by the press time.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD holds above 1.17, shrugging off upbeat US consumer confidence

EUR/USD is trading above 1.17, holding its gains despite upbeat US data. The CB Consumer Confidence jumped to 101.8 points, beating estimates. Fed speakers are awaited and the presidential debate is eyed.


GBP/USD retreats from highs amid Brexit, coronavirus uncertainty

GBP/USD is retreating from the highs close to 1.29 as concerns about Brexit talks and rising UK coronavirus cases are taking their toll on the pound. 


XAU/USD holds steady near multi-day tops, around $1890 region

Gold built on the previous day's goodish bounce from 100-day SMA and edged higher through the first half of the trading action on Tuesday. The overnight sustained move beyond 100-hour SMA was seen as a key trigger for bullish traders and pushed the commodity to multi-day tops.

Gold News

Presidential Debate Preview: Trump may lose due to his own buildup, market implications

The first presidential debate is set to shake up the elections campaign.  President Trump's playing down of challenger Biden's skills may turn into a double-edged sword. Markets will move on implications for a new fiscal relief package. 

Read more

WTI drops to fresh lows near $39.70 ahead of API

Prices of the American benchmark for the sweet light crude oil broke below the $40.00 mark per barrel and slipped back to the $39.70 region on Tuesday.

Oil News