Trump to Decide on Tariffs After Meeting Xi Jinping at G20

June 27, 2019 Share Print 0

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

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.