Negotiations in Washington last week between China and the United States appeared to have made progress towards a “phase one” trade deal. Photo: Reuters

China-US currency deal would not be a new Plaza Accord of one-sided exchange rate movement, analysts say

  • Currency provisions are expected to be included in any interim deal between China and America following progress made during talks last week in Washington
  • The 1985 Plaza Accord saw Japan, France, Germany, Britain and the US push down the value of the US dollar, resulting in the Japanese yen doubling in value
Topic |   US-China trade war

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Negotiations in Washington last week between China and the United States appeared to have made progress towards a “phase one” trade deal. Photo: Reuters
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US Treasury Secretary Steven Mnuchin (right) said on Wednesday that he and US trade representative Robert Lighthizer will likely meet Chinese Vice-Premier Liu He in Chile before the meeting between Donald Trump and Xi Jinping at the Asia-Pacific Economic Cooperation summit. Photo: Reuters

China reiterates US must lift all tariffs to end trade war, but Beijing open to partial interim deal, spokesman says

  • Ministry of Commerce confirms trade tensions will only end when ‘all additional tariffs’ are lifted from Chinese products
  • Negotiating teams are working on the ‘phase one’ deal agreed last week in Washington for Donald Trump and Xi Jinping to sign next month in Chile
Topic |   US-China trade war

TOP PICKS

US Treasury Secretary Steven Mnuchin (right) said on Wednesday that he and US trade representative Robert Lighthizer will likely meet Chinese Vice-Premier Liu He in Chile before the meeting between Donald Trump and Xi Jinping at the Asia-Pacific Economic Cooperation summit. Photo: Reuters
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