Oil prices fall as doubt grows about benefits of US-China deal
US President Donald Trump is due to sign the phase one deal with Chinese vice-premier Liu He at the White House on Wednesday
15 January 2020 - 14:14
Singapore/London — Oil prices slipped on Wednesday on concerns that the phase one trade deal between the US and China, the world's biggest oil users, may not boost demand as the US intends to keep tariffs on Chinese goods until a second phase.
US treasury Secretary Steven Mnuchin said late on Tuesday that tariffs on Chinese goods will remain in place until the completion of a second phase of a US-China trade agreement, even as both sides are expected to sign an interim deal later on Wednesday...
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