USTR Greer says that the US economic relationship with China is "stable"; US is not looking for a massive confrontation with China
The remarks from USTR Greer indicate a commitment to a stable US-China economic relationship, signaling a preference for diplomacy over confrontation.
"Several explosions in the UAE", Fars reports
US Secretary of State Rubio suggests that there will be “more news" on Iran negotiations later
USTR Greer says that the US economic relationship with China is "stable"; US is not looking for a massive confrontation with China
US Energy Secretary Wright says repairing the Gulf energy infrastructure must be a "priority", Axios reports; acknowledges a "rough patch" until the war in Iran ends
New Zealand Global Dairy Trade Price Index -3.4% (prev. +5.8%)
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- Says US is looking to maintain a stable relationship with China with a Trump-Xi meeting
- Looking at Board of Trade mechanism in dealing with China.
- Not yet at the point where the US can talk about investment programs with China.
- Trump trip to China will focus on keeping the flow of rare earths.
- US is making strides in domestic self sufficiency on rare earths.
- Says need some kind of price mechanism on rare earth minerals.
This could ease some trade tensions and positively impact investor sentiment, particularly in sectors that rely on China. Monitoring the developments around rare earths will be crucial, as it directly influences both national security and supply chains, which may impact currencies like the USD and JPY in the Forex markets.
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