U.S. President Donald Trump’s decision on whether to impose a new round of tariffs on Chinese goods is contingent on the outcome of his meeting this weekend with Chinese President Xi Jinping, for which no preconditions have been agreed, a senior Trump administration official said on Thursday.

The official told Reuters that it also was unlikely that the United States would agree to lift restrictions on sales of U.S. products to Chinese telecom equipment maker Huawei Technologies.
China’s commerce ministry said earlier on Thursday that the United States should immediately lift sanctions on Huawei, days before Trump and Xi are due to meet on Saturday at a G20 summit in Osaka, Japan.
via Reuters
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.