China mentioned to weigh exempting some US items from tariffs as prices rise
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There are two separate studies on China tariffs. The primary from Bloomberg says China is weighing exempting some US items from tariffs.
A separate report from Caijing cites a number of Chinese language tech corporations who confirmed that eight tariff codes associated to semiconductors and circuits are actually exempt from extra tariffs.
USD/JPY is on the highs of the day, up 66 pips to 143.29 final. There are some broader USD bids as nicely.
This text was written by Adam Button at www.ubaidahsan.com.
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