Trump signs US-China trade deal

Jamie McKane

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Trump signs US-China trade deal

The yuan rallied the most in a year and Chinese shares rose as U.S. President Donald Trump signed off on a phase-one trade agreement.

The onshore rate advanced as much as 1% to 6.9570 per dollar Friday, the most since December last year and the strongest since Aug. 2 on an intraday basis, before paring.

[Bloomberg]
 

lumeer

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Let's wait to hear the details, and China's version of it, before celebrating. In November, Trump announced that China had agreed, going forward, to buy $50 billion of US agricultural products per year, when in fact, China specifically did not commit to an actual figure.
 
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