On Friday afternoon, US local time, Trump said at the White House that the US-China economic and trade consultations have achieved a substantial first-stage results, and the United States will suspend tariffs on China on the 15th next week. Liu He said that during this round of consultations, the two sides held candid, efficient and constructive discussions on economic and trade issues of common concern, in the fields of agriculture, intellectual property protection, exchange rate, financial services, expanding trade cooperation, technology transfer, and dispute settlement. Substantial progress was made and the follow-up consultation arrangements were discussed. The market showed that the offshore exchange rate of the renminbi continued to fluctuate and rose to the highest on the evening of the 10th, rising to 7.0679. The RMB against the US dollar is now reported at 7.0892 yuan.