HomeLive CommentsTrump not ready for a China trade deal, nor business with Huawei

Trump not ready for a China trade deal, nor business with Huawei

US President Donald Trump said on Sunday that he was “not ready to make a deal yet” with China on trade. Instead, he repeated he desire to see “Hong Kong worked out in a very humanitarian fashion” first. He added, ” I think it would be very good for the trade deal. Trump also indicated he’s not ready to do business with China’s tech giant Huawei yet. He said “at this moment it looks much more like we’re not going to do business… because it is a national security threat and I really believe that the media has covered it a little bit differently than that.”

Over 1.7million people turned out to a massive protest Hong Kong on Sunday. Ironically, the protest ended up peacefully with minimal police presence. The movement, prompted by objection to an extradition bill to China, lasted for more than 11 weeks. It also turned into a movement against intervention of Chinese Communist Party in this highly autonomous city, condemnation of excessive police violence and demand for true democracy. More protests are planned ahead and the “valiant” group could take over again if the peaceful demands are not met.

ActionForex
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Latest Analysis

Learn Forex Trading