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
Skerdian Meta•Thursday, May 30, 2019•1 min read
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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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.
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