China seriously preparing for scenario in which China-US trade relations deteriorate further – Global Times

Dhwani Mehta FXStreet

In response to the comments by the US President Trump to the Washington Post (WaPo) reporter at the G7 Summit on Sunday, Hu Xijin, editor-in-chief of Chinese and English editions of the Global Times, tweeted: “Regret? This should be seen as Pres Trump changed his tone after ordering US companies to leave China.Regardless of his specific expression each time, we're seriously making preparations for scenario in which China-US trade relations deteriorate further, even much worse than now.”

US Pres. Trump signals regret China trade war escalated, but no willingness to reverse tariffs - WaPo

On late Saturday, Hu tweeted out that “China has 'lost' the US already: all-round high tariffs, Huawei ban, political hostility, Hong Kong, Taiwan... We're facing a completely different United States. We have nothing more to lose, while the US is just starting to lose China.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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