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

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