Asia stocks set to jump as investors await signing of phase one US-China trade deal

📆 12/12/2019 8:36 PM
📰 CNBC

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Shares in Asia were set to jump at the open on Friday after sources told CNBC Thursday that Washington and Beijing have agreed to a phase one trade deal in principle, pending U.S. President Donald Trump's approval.

Futures pointed to a higher open for Japanese stocks, while shares in Australia rose in early trade.

The White House has offered to scrap the next round of tariffs on Chinese exports to the U.S. that are set to take effect on Sunday, sources told CNBC on Thursday. Washington has also proposed slashing existing duties on $360 billion in Chinese products by 50%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

didn't you hear? apparently its a secret deal with no signing ceremony and details never being made public. loooool.

until the next tweet

Why? Not yet signed. Isn’t a trade deal. It’s a deal not to put on further tariffs. If that’s a trade deal god help us all!

🇺🇸 doesn’t need a deal.

Trump Bump v2.0

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks struggle for direction without more progress on a US-China trade dealStocks in Asia struggled for direction Wednesday as investors received mixed signals ahead of another round of US tariffs on Chinese goods expected December 15. Investors are as stable as my ex girlfriend's mood.
Source: CNN - 🏆 4. / 95 Read more »