Reports the US is considering a currency agreement with China as part of partial trade deal
Bloomberg with the headline - more to come
Trump has been very vocal in the past accusing China of currency manipulation and of holding the value of the yuan down to gain a competitive competitive advantage.
More from BBG
- White House is looking at rolling out a previously agreed currency pact with China as part of an early partial deal that could also see a tariff increase next week suspended, according to people familiar with the discussions.
- The currency accord -- which the U.S. said had been agreed to earlier this year before trade talks broke down -- would be part of what the White House considers to be a first-phase agreement with Beijing.
- It would be followed by more negotiations on core issues like intellectual property and forced technology transfers, the people said.