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Federal Reserve Board Governor Milan delivered a speech
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Australia Composite PMI Prelim (Dec)--
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[Trump: Willing To Reduce Tariffs On China At Some Point] May 5Th, US President Trump Stated That He Would Be Willing To Reduce Tariffs On China At Some Point As The Current Tariffs Are Too High, Causing The Two Largest Global Economies To Almost Halt Trade With Each Other.Trump Has Imposed Tariffs Of Up To 145% On Imported Goods From China. China, In Turn, Has Imposed A 125% Tariff On Imported Goods From The US. These Measures Have Roiled The Markets And Could Potentially Drive Up The Prices Of Manufacturing Equipment And Many Inexpensive Goods (Such As Clothing And Toys) That Many Americans Rely On. Trump, In An Interview With Host Kristen Welker On Nbc'S "Meet The Press" Aired On Sunday, Said, "At Some Point, I'M Going To Lower The Tariffs; Otherwise, We Would Never Be Able To Do Business With Them, Because They Want To Do Business Very Badly."Trump Also Praised Some Recent "Positive" Statements From China While Reiterating That Any Agreement Between The Two Countries Must Be "Fair." China Stated Last Friday That Since Trump Announced Tariffs Last Month, China Is Evaluating The Possibility Of Trade Talks With The US, Marking The First Sign That The Two Sides May Be Ready To Start Negotiations. A Statement From China'S Ministry Of Commerce Said, "China Is Currently Evaluating This."

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