China’s CommerceMin: Willing to resolve the issue via a calm attitude - Risk recovers

Dhwani Mehta FXStreet

Reuters cites fresh comments from the Chinese Commerce Ministry Spokesman Gao on the US-China trade spat, with the key headlines noted below.

Opposes escalation of a trade war.

Hopes that the US will show sincerity and concrete action.

Hopes that the US will meet China halfway on trade issues.

Willing to resolve the issue via a calm attitude.

Both trade teams have been in touch.

China has ample retaliatory measures.

China is lodging solemn representation with the US for additional tariffs on Chinese goods.

Both sides are discussing the previously discussed September talks.

Most important thing is both sides continue negotiations and create conditions for negotiations.

If China officials go to the US for talks in September, both sides should create conditions for progress in negotiations.

A shift in the risk sentiment is being noticed on the upbeat US-China trade headlines, sending USD/JPY back above the 106 handle while S&P 500 futures rally +0.44%.

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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