China's Vice-Premier Liu He speaks across the table from US President Donald Trump in the Oval Office of the White House on Friday. Both men said they believed that a deal to resolve the trade war between their countries was likely. Photo: AFP

US and Chinese officials say a trade war deal is ‘extremely’ likely

  • China would sharply boost purchases of US agricultural products and open its electronic payment market to Visa and MasterCard
  • Vice-Premier Liu He and US President Donald Trump meet, and Chinese delegation extends Washington visit to continue talks
Topic |   US-China trade war

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China's Vice-Premier Liu He speaks across the table from US President Donald Trump in the Oval Office of the White House on Friday. Both men said they believed that a deal to resolve the trade war between their countries was likely. Photo: AFP
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Former US Federal Reserve chair Janet Yellen says central banks need to be able to use all policy levers, including exchange rates, to meet domestic economic needs. Photo: Reuters

US must be ‘careful’ in demanding stable Chinese yuan to end trade war, says former US central bank head

  • Former US Federal Reserve chair Janet Yellen said it is ‘difficult and treacherous’ to define when a country is manipulating its currency
  • Donald Trump’s administration have alleged China has been manipulating the currency in a bid to offset increased tariffs
Topic |   Yuan

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Former US Federal Reserve chair Janet Yellen says central banks need to be able to use all policy levers, including exchange rates, to meet domestic economic needs. Photo: Reuters
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