White House: Tariff rate on China remains at 145%

Pablo Piovano FXStreet

White House press secretary Karoline Leavitt reported that US President Donald Trump was optimistic about securing a trade deal with China, despite the escalating trade war between the two economic giants that had been battering markets.

Key Takeaways

Trump has made it clear he is open to a deal with China.
Tariff rate on China remains 145% level.
Treasury Secretary keeping very close eye on bond market.
More than 15 trade offers already on table.
Trump hopes deals will be made before 90 days are up.
When 90-day mark hits, Trump will make decision.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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