China’s Commerce Ministry On Trade War – Key Takeaways - Forex News by FX Leaders

China’s Commerce Ministry On Trade War – Key Takeaways

Posted Thursday, May 9, 2019 by
Arslan Butt • 1 min read

China’s Commerce Ministry – Key Remarks

  • China unilaterally opposes imposed tariffs.
  • There is no winner in a trade war – hopes the US meets China halfway.
  • Hopes the US can resolve the problem through dialogue instead of unilateral steps.
  • China is fully prepared to defend its interests, has determination and capacity to do so – trade delegation has already left Beijing for US – Vice Premier Liu visit to the US shows China’s sincerity.
  • Asked about countermeasures to US tariffs, says if US implements tariffs China will take necessary countermeasures.
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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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