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 pressured below 1.21 amid mixed markets mood

EUR/USD is trading below 1.21, consolidating Friday's losses as the market mood is mixed. Upbeat Chinese GDP and US stimulus are cheering markets while Italy's political crisis and the depressing coronavirus picture is weighing on sentiment. 


GBP/USD fails to recover despite accelerated UK vaccine campaign

GBP/USD remains below 1.36, shrugging off the expansion of Britain's vaccination campaign. Post-Brexit talks on financial services continue while tension is mounting ahead of US President-elect Biden's inauguration. 


Gold struggles to capitalize on intraday bounce, up little around $1930-32

Gold struggled to capitalize on its goodish intraday bounce of nearly $40 and was last seen trading with modest gains, around the $1830-32 region.

Gold news

Forex Today: Dollar holds onto gains, shrugging off upbeat Chinese GDP, vaccine news eyed

Markets are mixed on "Blue Monday" with the dollar clinging to gains related to risk aversion, while upbeat Chinese growth partially offsets the gloom.Tension is mounting ahead of President-elect Biden's inauguration.

Read more

US Dollar Index clinches new 2021 highs near 91.00

The greenback, when measured by the US Dollar Index (DXY), adds to Friday’s gains and moves closer to the key barrier at 91.00 the figure, or new 2021 highs.

US Dollar Index News