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11 Oct 2019
Breaking: Have come to substantial phase 1 deal with China
In recent trade, Trump has made a number of announcements following negotiations with China.
Streaming comments:
- Have come to substantial phase 1 deal with China.
- We have mode progress on tech transfer, more on that in phase 2.
- Also agreed on currency and FX issues.
- Structural ag issues have also been addressed.
- China has agreed to make 40-50bln USD in AG good purchases.
- Will take up to 5 weeks to get deal written.
- Have come to deal on intellectual property, financial services and big ag purchases.
US treasury secretary Mnuchin: We also have almost complete agreement on financial services.
- Have agreement on transparency in FX.
More to come...