China says its position on trade is clear and consistent

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  • The door is open but dialogue must be on the basis of mutual respect, equality
  • Hopes that US will act in that spirit to cooperate
  • Pressure, threats and blackmail is not the right way to deal with China
  • We will unswervingly handle our own affairs well, hedge against uncertainty of external environment
  • Confident that foreign trade can deal with various risks and challenges

So far, the narrative between the US and China hasn’t really changed since the start of this whole tariffs saga. Yesterday, China delivered a late but strong response against Trump’s tariffs. That before Trump raised tariffs on China again while pulling back on everyone else. So, let’s see what comes next.

This article was written by Justin Low at www.forexlive.com.