SYDNEY - Asian shares gained on Monday on reports the United States and China were close to striking a trade deal after a year-long tariff skirmish while the dollar eased as traders wagered Federal Reserve policy would remain accommodative.
That followed comments from Trump on Friday that he had asked China to immediately remove all tariffs on U.S. agricultural products because trade talks were progressing well. He also delayed previously scheduled plans to impose 25 percent tariffs on Chinese goods. Tai listed the prospective Trump-Xi trade summit among such events while China’s National People’s Congress could provide clues on new policies aimed at boosting Asia’s largest economy.
“While it will take time for economic data to stabilize from the current slowdown, policy shifts by central banks and governments, especially in the U.S. and China, should help support investor confidence for now,” Tai noted. In addition, a U.S. Commerce Department report showed tame inflation pressures and U.S. personal income falling for the first time in more than three years in January.
ok ok
China will drop agricultural tarrifs...Trump will say GREAT WIN. In reality China expanded its agricultural sectors by 5.33 million hectares! Thats alotta soy beans a frickin lotta soy beans. After this year US farmers may never see the same demand. Its called suffering your vote
Thank u! Cha Ching
He stoked and android setups Microsoft good quality app application and I have make when feeling distortion
One day, that headline will come home…
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