The trade deal to be signed this week will include pledges by China to buy US$200 billion of US goods over two years in four industries, a Trump administration official and two other sources briefed on the matter said.
US China
US-China Trade Negotiations in Washington During October 10-11
US-China trade negotiations in Washington during October 10-11. The news report further conveys that China’s Vice Premier Liu He will be representing the delegation from Beijing. The piece also mentions no surprises from the Trump officials.
US Markets Rally on US-China Trade War Truce; Dollar Down, Yuan Up
The equities rally followed a US-China trade deal at the G20 summit in Argentina calling for a 90-day trade tariff truce. Oil prices jumped nearly 4%.
US-China Trade War is Helping to Boost use of Yuan in International Transactions – GSR
The trade war initiated by the United States is actually helping China achieve one of its coveted long-term financial goals – the greater use of its currency, the yuan, in international commerce and financial transactions.