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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US-CHINA
Comments from US Commerce Secretary Gina Raimondo hitting wires on China tariffs. According to Bloomberg, a decision on China tariffs is coming "very soon."
- Raimondo reportedly suggested that a potential US tariff reduction on Chinese exports may come with a reciprocal easing on the Chinese side.
- To be noted: a number of news outlets predicted a decision on tariffs either shortly before, or after, the meeting between US Secretary of State Anthony Blinken and his Chinese counterpart Wang Yi on Saturday on the margins of the G-20.
- The decision didn’t materialise and Biden administration officials continued to resist offering a timeline for a decision. Yesterday, Raimondo promised a decision would be forthcoming “shortly,” and Biden told reporters at a press spray in Delaware that his administration are “…having further discussions on that.”
- A call between President Biden and Chinese President Xi Jinping expected to take place in within the next week or two may be the next key meeting to follow.
- Blinken told reporters yesterday that “…President Xi and President Biden... will have an opportunity to speak in the weeks ahead…”
Figure 1: China-US tariffs imposed since 2018 (Bloomberg)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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