OctaFX | OctaFX Forex Broker
Open trading account

US Pres. Trump: Will agree to take tariffs off China if we agree a phase-two deal

China has pledged action to confront pirated or counterfeited goods as part of the phase-one trade deal, US President Donald Trump said during the phase-one deal signing ceremony at the White House on Wednesday.

Trump explained that China will be spending $75 billion on manufacturing imports, $50 billion on energy imports, $50 billion agriculture imports and $40-50 billion on service imports from the US.

"Transfers and licensing of technology will be based on market terms in trade deal," Trump added. "Trade deal includes very strong protection of intellectual property."

Regarding US tariffs on Chinese imports, Trump explained that they will leave tariffs while negotiations continue and said they will remove them if they agree on a phase-two deal.

Fed's Kaplan: Consumer is strong, job market is historically tight

Dallas Fed President Robert Kaplan said that they forecast the economy to grow by about 2% in 2020 and expect the business investment to remain sluggi
Read more Previous

AUD/USD consolidates above 0.69 the figure during US/Chinese signing ceremony

AUD/USD is currently trading at 0.6913, the highs of the day, following a steep trip up from the lows of 0.6877 as the US/Chinese signing ceremony tak
Read more Next
Start livechat