Easing US-China Tensions Boost Risk Appetite
Financial markets are back in risk-on mode after US President Donald Trump appeared to suggest that he could avoid putting tariffs on Chinese imports, backing off a campaign pledge to hit the country with a 60-percent levy. In a previously-recorded interview with Fox News that aired in the United States last night, Trump said “We have one very big power over China, and that’s tariffs, and they don’t want them. And I’d rather not have to use it, but it’s a tremendous power over China,” also noting that he had a “great relationship” with Chinese president Xi Jinping prior to...