- Trade between both countries are mutually beneficial in nature, should follow WTO rules
- Trade disputes should be solved within WTO framework
- Hopes that US and China will move in same direction through equal consultation
- China ready to work more closely to safeguard hard-earned multilateral trading system
- Will not accept threats and oppression
- Will firmly defend our sovereignty, security, development interests
- It is natural to have disagreements but important to respect each others’ interests, major concerns
This could have been a copy and paste of the whole ordeal in 2018-2020 and no one would be the wiser. Trump has already signed the order for China tariffs to be bumped up to 20% here. That will go into effect in the next 15 minutes. It’s still some ways off the 60% tariffs he campaigned initially but I guess we’re slowly getting there?
This article was written by Justin Low at www.forexlive.com.
