US President Donald Trump says trade will be priority in summit with Xi, not Iran

US President Donald Trump said that he would prioritize trade discussions during his summit with Chinese President Xi Jinping and downplayed the amount of attention they would devote to the Iran war, Bloomberg reported on Tuesday.

Key quotes

We’re going to be talking to President Xi about a lot of things. I would say, more than anything, trade. 

We have a lot of things to discuss. I wouldn’t say Iran is one of them, to be honest with you, because we have Iran very much under control.

We’re either going to make a deal or they’re going to be decimated one way or the other.

My relationship with President Xi is a fantastic one. We’ve always gotten along and we’re doing very well with China, and working with China has been very good, so we look forward to it. 

Market reaction

At the time of writing, the AUD/USD pair is down 0.06% on the day at 0.7235.