USTR: US tariff reduction in China phase one to take effect Feb. 14 - Bloomberg

Dhwani Mehta FXStreet

According to Bloomberg, the US Trade Representative (USTR) posted notice of tariff reduction in the Federal (Fed) register.

Further Details:

US tariff reduction in China phase one to take effect Feb. 14.

Tariff reduction notice matches expectations under phase 1 deal.

The risk sentiment appears stable amid China's transparent response to the virus outbreak and incoming reports of the first case of the coronavirus reported in Hong Kong. USD/JPY hovers below 110.00 while the Aussie remains capped below 0.6850.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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