• China’s President Xi to present Trump with terms for settling trade deal - WSJ reports, citing Chinese Officials

Market news

27 June 2019

China’s President Xi to present Trump with terms for settling trade deal - WSJ reports, citing Chinese Officials

Among the preconditions, Chinese officials with knowledge of the plan told the WSJ, Beijing is insisting the U.S. remove its ban on the sale of U.S. technology to Chinese telecom giant Huawei.

In addition, China wants the U.S. to lift all punitive tariffs and drop efforts to get China to buy even more U.S. exports than Beijing said it would when the two leaders last met in December.

"Despite his preconditions, Mr. Xi isn’t expected to take a confrontational tone with Mr. Trump”, the officials added.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.