USTR reviews exclusion requests for China imports

Anil Panchal FXStreet

In reviewing exclusion requests, it will consider if products remain available only from china, potential economic harm of granting or denying requests, said the US Trade Representatives (USTR) office on Tuesday night.

"Chinese imports to be considered for exclusions include thermostats, medical equipment, industrial components, bicycles, textiles," adds USTR.

On a different page, the Financial Times (FT) came out with the update suggesting China's unloading of coal from Australia, ignoring previous ban, amid power crunch.

FX implications

Given the mixed news, market sentiment seeks more details for clarity. However, upbeat perfromance of Wall Street help AUD/USD around 0.7300 by the press time of early Wednesday morning in Asia.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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