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- US Deputy Commerce Secretary Graves: Clear US response on China tariffs is coming soon – Bloomberg
US Deputy Commerce Secretary Graves: Clear US response on China tariffs is coming soon – Bloomberg
“A clear US response on China tariffs is coming soon,” said US Deputy Commerce Secretary Don Graves in a Bloomberg TV interview.
The diplomat also mentioned that the US will take a balanced approach on China tariffs, per the news.
Additional comments
Expect Congress to pass competition bill in next weeks.
Export restrictions are having a significant impact on Russia.
Market reactions
The news fails to gain any major reaction from the traders even if the S&P 500 Futures pare recent losses around 3,830, up 0.10% intraday, during the initial hour of Wednesday’s trading.
Also read: Forex Today: Inflation and recession fears continue to drive financial markets
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