Asia markets rally as Trump hints China tariffs could be cut

Denis Staunton - The Irish Times - 08:26
Trump imposed a 145 per cent tariff on Chinese imports this month and Beijing responded with a 125 per cent levy on all US imports

Markets in Asia rallied on Wednesday morning after Donald Trump suggested that tariffs on China cut be cut substantially and said he had no plans to dismiss Federal Reserve chairman Jerome Powell. Speaking to reporters in the White House on Tuesday night, the US president said he was confident that there would be a trade deal with China and that there would be no need for “hardball” negotiations.

“We’re going to be very nice. They’re going to be very nice, and we’ll see what happens. But ultimately, they have to make a deal, because othe...
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