Chinese Vice Premier Liu He spoke with US Treasury Secretary Janet Yellen via a video call early Tuesday, as they discussed the economy and supply chains, China’s Commerce Ministry noted.
Key quotes
Talks were constructive.
The two agreed need to strengthen communication & coordination of macroeconomic policies between China and the US.
Exchange views on economic situation.
Agree stable global supply chain good for China, US.
China expresses concern on US possible tariff rollback.
Paying attention to possible rollback.
Agree to continue communications.
Market reaction
AUD/USD is capitalizing on the above headlines, flirting with daily highs of 0.6880, up 0.20% on the day.
