It is a complicated relationship with ChinaUS has had substantial discussions with Japanese allies on tradeChinese exemptions show they want a de-escalation on tradeEuropeans are panicked about strength of euro17 important trading partners have made 'very good proposals' to avert US tariffsNegotiations with Asian trading partners going very wellSays he was surprised when markets rallied after remarks at JPMorgan conference, didn't say anything new
In any case, could be trying to smooth the way for Trump to ease China tariffs by highlighting the exemptions.
This article was written by Adam Button at www.forexlive.com.
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