- Analytics
- News and Tools
- Market News
- US President Biden delays a decision on Trump's tariffs on China
US President Biden delays a decision on Trump's tariffs on China
US President Joe Biden has postponed a final decision to withdraw any Trump-era tariffs on China imports, Bloomberg reports, citing people familiar with the matter.
One administration official said, “the Office of the US Trade Representative announced a tariff review last Friday that will allow businesses the opportunity to seek relief by weighing in on whether they think any particular tariff is costing US jobs or competitiveness.”
Meanwhile, Taiwan's President Tsai Ing-Wen while visiting the US lawmakers, said that “Taiwan will collaborate with the US to strengthen economic and commercial ties.”
Responding to the Taiwanese President, representative Stephanie Murphy of the US noted that “one of the most essential things congress can do is improve economic relations with Taiwan, including through a high-quality free trade agreement between the US and Taiwan.”
Market reaction
Poor Australian trade data combined with these discouraging US-China headlines are keeping AUD/IUSD under sellers’ radars. The pair was last seen trading at 0.6745, down 0.33% so far.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
