US Treasury Secretary Mnuchin has crossed the wires and stated that President Trump just wants a level playing field with China, speaking in a FBN interview.
- Phase one deal is a step in the right direction.
Trade deals are expected to continue to be prominent news in the year ahead. "US trade negotiator, Kudlow, says the US-China Phase One deal will double the value of the goods China will import from the US, reportedly including agricultural products, energy goods and industrial goods. But Trump has said a 25% tariff will remain in place to be used as a negotiating tool for Phase Two. A Chinese official has stated that imports of pork and poultry are urgently needed," analysts at ANZ Bank explained.
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