Home » Currency Note » Currency Note » Currency Note USD » USD: Trump will not meet the Chinese leader before deadline

Just when it looks as if the US and China might actually secure a breakthrough in trade negotiations, Donald Trump has to come along and spoil it. On Thursday, the president was asked whether he would meet the Chinese leader, to which the former reality TV star said “Not yet.” Then, asked whether he would meet his Chinese counterpart before the 2 March deadline, Trump said “No.”

This was not well received by investors and markets around the world, as it now looks as if US tariffs on Chinese goods will increase to 25% from 10%. China will then almost certainly retaliate, the trade war will ramp up again and all of us will be adversely affected in some way. Still, according to Trump, trade wars are good and easy to win.

As with the eurozone, it is a quiet start to the week for the US, but on Wednesday we will see the inflation rate for January. It is expected to dip to 2.1% from 2.2% the previous month. On Thursday, we will see retail sales figures from December and initial jobless claims up to 9 February 2019.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

You have Successfully Subscribed!