- US Pres. Biden to hold meeting Friday to discuss path forward on China tariffs – Bloomberg
Market news
8 July 2022
US Pres. Biden to hold meeting Friday to discuss path forward on China tariffs – Bloomberg
A White House reporter for Bloomberg News tweeted out early Friday that US President Joe Biden is scheduled to meet with senior advisors on Friday to discuss the next moves on Chinese tariffs.
He tweeted, “@POTUS is convening a meeting with senior advisers tomorrow to discuss a path forward on China tariffs. He’s been considering cutting some of the $300B imposed by Trump and whether to initiate a new probe into Chinese subsidies that could lead to more tariffs down the road.”
Market reaction
AUD/USD remains strongly bid amid the extended recovery in risk sentiment while awaiting the US NFP and Biden’s meeting on China tariffs.
The pair was last seen trading up 0.23% on the day at 0.6853.
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 disclaimerOpen Demo Account & Personal Page