No End in Sight for the Trade War As China Stands Its Ground

The trade war keeps escalating with US and China standing firm in their positions

Written by: Skerdian Meta • Thursday, May 30, 2019 • 1 min read

• Last updated: Thursday, May 30, 2019

The trade war between US and China has precipitated once again after calming down for a few months at the start of this year. Tariffs have been increased by both sides and they’re even targeting each-other’s major companies, such as Huawei and Apple. Tones have obviously increased and today Chinese officials commented on a number of things.

China’s Foreign Ministry

China won’t accept a deal that hurts sovereignty, pride
US needs to address China’s concerns in order to reach a deal
China is firmly against US bullying, forced to retaliate
US consumers will have to pay the costs of tariffs
US bullying will eventually hurt the US itself
Tariffs won’t help to solve trade imbalances

China’s Commerce Ministry

China will fight till the end if US keeps escalating tensions
China will firmly defend national interest
Hopes that US will correct its wrong practices
US sincerity is in doubt
US sent contradictory messages on trade talks

Bloomberg

China has put purchases of American supplies on hold amid the recent escalation in the trade war between the two countries

More Comments From China

Trade war with US is to have limited impact on state-owned enterprises
State-owned enterprises confident in helping to keep economic growth

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ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.