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Global Markets showing weakness ahead of ‘Phase 1’ trade deal signing

Global markets trading lower as the world waits on phase one trade deal between the US and China that is due to be signed today. The initial deal included China purchasing $40 to $50 billion worth of American agricultural products, along with agreeing to guidelines on how it manages its currency. Trump and Liu are

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Global markets trading lower as the world waits on phase one trade deal between the US and China that is due to be signed today. The initial deal included China purchasing $40 to $50 billion worth of American agricultural products, along with agreeing to guidelines on how it manages its currency.

Trump and Liu are scheduled to sign the 86-page document, at a White House event before over 200 invited guests from business, government and diplomatic circles. According to sources, the Phase 1 trade deal will be signed on today in Washington at 11.30 am local time (1630GMT).

The markets turned weaker after US Treasury Secretary commented that tariffs on Chinese goods would likely remain until phase two of the trade agreement gets finalized.

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