- It is a complicated relationship with China
- US has had substantial discussions with Japanese allies on trade
- Chinese exemptions show they want a de-escalation on trade
- Europeans are panicked about strength of euro
- 17 important trading partners have made ‘very good proposals’ to avert US tariffs
- Negotiations with Asian trading partners going very well
- Says he was surprised when markets rallied after remarks at JPMorgan conference, didn’t say anything new
He’s going with “it was the market’s fault” as his defense for telling market-moving information to a private group.
In any case, could be trying to smooth the way for Trump to ease China tariffs by highlighting the exemptions
More:
- Says we will see what happens with China, when asked if he planned to call is counterpart’
- ‘Maybe they’ll call me one day’
This article was written by Adam Button at www.forexlive.com.