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Wilbur Ross: US-China trade deal will be done ‘in all likelihood’

  
Analysis, Economy
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Comments by US commerce secretary, Wilbur Ross

  • There is a very high probability that a deal will be reached
  • Chinese agricultural purchases and execution of those are an issue
  • Huawei not an appropriate player in the US 5G space
  • US will have deal with China or keep tariffs
Rinse and repeat, rinse and repeat. Yet, markets continue to lap it all up. USD/JPY touches a new day high of 108.78 and looks to challenge the 100-hour moving average now.
Looks like risk trades just got a shot in the arm ahead of US trading.

Wilbur Ross: China trade is more complicated than just soybeans

  
  Analysis
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Comments by US commerce secretary, Wilbur Ross

Trump Ross

Stating the obvious but well, let’s give him the benefit of the doubt. Judging by the above, it could be suggestive that any hopes of an interim trade deal whereby China just increases agriculture purchases may not be sufficient enough to appease the US.
But I’m sure most of us have a sense of that by now, otherwise we would’ve seen some semblance of a deal agreed upon a long time ago.
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