USTR’s Greer: Keeping the Strait of Hormuz open is crucial for China

USTR’s Greer highlighted the importance of managing economic relations with China for U.S. domestic objectives, emphasizing that keeping the Strait of Hormuz open is crucial for China. The resurgence of Donald Trump and the potential resumption of the U.S.-China trade war are causing market uncertainty, reflected in a decline in the AUD/USD exchange rate. Geopolitical risks are impacting investor sentiment.