Market Updates: Trump may Sign Deal with Chinese President Xi Jinping
Arslan Butt • 1 min read
The US President Donald Trump said that he may soon sign a deal to end the trade war with Chinese President Xi Jinping if their countries can bridge remaining differences. He repeated, the negotiators were “very, very close” to a deal.
Still, the tariffs on $200 billion worth of Chinese imports had been set to rise to 25% from the current 10% if no deal was reached by Friday.
Dollar – Weaker
Stock Market – Stronger
Gold – Weaker (over risk-on sentiment)