A spokesperson for China’s Commerce Ministry, Gao Feng said
at a weekly briefing in Chinese that U.S and China have agreed to remove the
additional duties imposed on each other’s products in different phases after
they make progress in reaching a deal. Canceling tariffs is vital to the first
phase of their trade agreement, which both sides have agreed to do as
negotiations progress.
But stock market retreats as Trump says he hasn't agreed to
roll back China tariffs. U.S. stocks traded mostly lower after President Trump
cast doubt on earlier reports that the administration would agree to roll back
import duties on China as part of a œphase-one trade deal.
U.S Crude Oil WTI closed at $57.24 per barrel, while International
Brent Oil Future closed at $62.51.
The
benchmark RSS4 grade rubber closed at `.126 a kg at
Kottayam, while RSS3 grade closed at `.106.46 a kg
at Bangkok and Malaysian SMR20 closed at `.96.05 a kg.
On ICEX, November 2019, the futures closed at `.128.10 a
kg, December at `.129.09, January 2020 at `.130.28, February
at `.125.77, March at `.127.03 and April
closed at `.128.30 a kg. Tokyo Commodity Exchange November 2019
futures series closed at ¥158.9 a kg, December at ¥162.8, January 2020 at ¥166.5,
February at ¥170.6, March at ¥174.9 and the contract for delivery in April 2020
closed at ¥177.3 a kg.
