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- US Commerce Sec Raimondo: China not living up to commitments in phase 1 deal
US Commerce Sec Raimondo: China not living up to commitments in phase 1 deal
In an interview with Bloomberg TV on Wednesday, US Commerce Secretary Gina Raimondo said that China is not living up to its commitments in the phase one trade deal.
This comes a day after a virtual call between US President Joe Biden and Chinese leader Xi Jinping, emphasizing their responsibility to the rest of the world to avoid conflict and enhance communication.
Market reaction
AUD/USD is at fresh six-week lows near 0.7260 amid renewed US-Sino concerns. The spot is down 0.41% on the day.
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