US President Donald Trump said in an interview on Friday that he “would rather not have to use tariffs on China” but called tariffs a “tremendous power.”
“It went fine. It was a good, friendly conversation.”
“I can do that” when asked if he could make a deal with China over fair trade practices.
His comments came after he spoke to China’s President Xi Jinping on Thursday.
Trump’s comments lift risk sentiment, propping up the higher-yielding Australian Dollar (AUD) against the US Dollar (USD). At the time of writing, AUD/USD is 0.27% higher on the day at 0.6301.
Australian Dollar FAQs
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