Reuters is out with the latest update on the much-awaited US-China trade talks, citing that the US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin shook hands with Chinese Vice Premier Liu He before beginning trade talks in Shanghai on Wednesday.
Trump tweeted on Tuesday: “The problem with them waiting … is that if & when I win, the deal that they get will be much tougher than what we are negotiating now … or no deal at all.”
“China … was supposed to start buying our agricultural product now – no signs that they are doing so. That is the problem with China, they just don’t come through,” Trump added.
The US-China trade anxiety is likely to keep the Chinese proxy, the Aussie dollar, on the edge, limiting the recovery attempts in AUD/USD from six-week lows near 0.6860 region.