OctaFX | OctaFX Forex Broker
Open trading account
Back

Mnuchin, Treasury don't see eye-to-eye on China tariffs - Bloomberg

According to reporting by Bloomberg, Treasury Secretary Steven Mnuchin is apparently a big fan of easing tariffs on China, while US Trade Representative Lighthizer is far cooler on the idea.

Key quotes

Neither Mnuchin nor Lighthizer has made any recommendations with respect to tariffs or other parts of the negotiations with China, according to a Treasury spokesperson working with the administration’s trade team who characterized the talks as an ongoing process.

Stocks initially surged after the report, before paring gains after the Treasury’s denial was published.

The report comes after China confirmed that Vice Premier Liu He will travel to Washington at month-end for a new round of trade talks. President Donald Trump has pledged to hike tariffs on Chinese goods if the two sides can’t negotiate a sweeping trade deal by March 1.

NBS: China revises 2017 GDP growth down to 6.8% y/y vs. 6.9% previous

China’s National Bureau of Statistics (NBS) announced that it made downward revisions to the Chinese growth numbers for the year 2017. Key Details:
Read more Previous

Japan’s Aso: Making changes to budget due to the wages issue

Livesquawk reports the latest comments by the Japanese Finance Minister Taro Aso, as he said that the Japanese government is making changes to budget
Read more Next
Start livechat