Trump eyes a bigger deal with China that would include nuclear weapons - report

NYT report citing 'more than half a dozen current and former advisers and others familiar with Mr. Trump’s thinking':

• the president would like to strike a wide-ranging deal with Xi, beyond just trade
• Would go beyond commitment to buy US goods
• Would also include nuclear weapons security

The Australian dollar has rose on this but it's a good sign for risk assets in general and underscores the idea that Trump doesn't really want to use tariffs.