No End in Sight for the Trade War As China Stands Its Ground - Forex News by FX Leaders

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

Posted Thursday, May 30, 2019 by
Skerdian Meta • 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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About the author

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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