USTR to consider delay of further tariffs on Chinese imports - RTRS

Ross J Burland FXStreet

The US Treasury has been reported to be considering starting November 1st extensions of certain tariff exclusions on $34bln of Chinese imports.

Key notes:

USTR exclusions on certain tariffs are set to expire Dec. 28, an extension would be for 12 months.
USTR S Treasury to consider delay of further tariffs on Chinese imports.

FX implications:

Leaders of the world's two biggest economies are working to agree on the text for a "Phase 1" trade agreement announced by Trump on October 11. Trump has said he hopes to sign the deal with China's President Xi Jinping next month at a summit in Chile which is risk-on friendly and a likely weight to the Yen while giving the commodity complex a boost, supporting the Aussie.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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