US and Chinese presidents had their first extensive conversation in six months, discussing...

USD/CNY: Official announcement on tariff cuts could support the yuan – HSBC – FXStreet

US and Chinese presidents had their first extensive conversation in six months, discussing bilateral relations. The Wall Street Journal (WSJ) reported that the United States Trade Representative (USTR)  is looking into tariffs on Chinese imports. Economists at HSBC believe an official announcement on tariff cuts could see a knee-jerk response in USD/CNY. The path towards a trade deal with even partial removal of tariffs could be bumpy “The WSJ reported on 10 September that the Biden administration is considering launching an investigation into China’s subsidies under Section 301 of the US trade law, which could lead to new tariffs.” “The …

 

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