Trump denies agreeing to remove China tariffs

2019-11-08 16:58:33 GMT (Economies.com)
Trump denies agreeing to remove China tariffs

The US President Donald Trump stated today the US hasn't yet agreed a rollback on China tariffs as the trade talks are still going.

 

Trump said China would like to eliminate the tariffs imposed during the trade war, but his administration will not do a complete roll back.

 

China's Ministry of Commerce stated yesterday they agreed with the US the removal of tariffs on each other's goods, and that the talks are witnessing further progress.

 

The Chinese ministry also added that the "phase 1" of the trade deal between the two sides would be signed within the next few weeks.

 

While Trump also told reporters before leaving the White House today that the trade deal will be signed in the US, after news that signing summit will be in Switzerland or Sweden.

 

Wall Street fell below all-time highs after the comments, but still heading to post weekly gains.

 
 
 
  Symbol Last Change Chg.%
1.1053
0.0028
0.2585%
1.2901
0.0100
0.7820%
Tadawul
7924.19
-8.33
0.10%
16.953
0.150
0.896%
57.847
0.488
0.851%
63.36
1.07
1.72%
1466.910
8.630
0.592%
 
 
Live Forex Updates