US President Biden Will Meet with China Officials on Friday to Discuss Next Steps, According to Bloomberg.

Early on Friday, a White House correspondent for Bloomberg News tweeted that US President Joe Biden would meet with key advisors to discuss the next steps regarding Chinese tariffs.

July 08, 2022 - 01:00 PM 430 views

US President Biden Will Meet with China Officials on Friday to Discuss Next Steps, According to Bloomberg.

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© US President Biden Will Meet with China Officials on Friday to Discuss Next Steps, According to Bloomberg.

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Early on Friday, a White House correspondent for Bloomberg News tweeted that US President Joe Biden would meet with key advisors to discuss the next steps regarding Chinese tariffs.

He wrote on Twitter, "@POTUS will meet with senior advisers tomorrow to decide how to move forward with China tariffs. He has been debating whether to reduce some of the $300 billion in tariffs imposed by Trump and whether to open a fresh investigation into Chinese subsidies that might result in additional duties in the future.

The Market Reaction

In spite of the prolonged improvement in risk sentiment, AUD/USD is still highly bid as it waits for the US NFP and Biden's meeting on China tariffs.

The price of the pair last changed hands at 0.6853, up 0.23 percent on the day.

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