|

China’s Foreign Ministry: Forced labor continues in the US even after 150 years of abolished slavery

In response to a China Daily editorial piece, citing that forced labor in the US is slavery in disguise, Lijian Zhao, a spokesman for the Chinese Foreign Ministry, tweeted out, “almost 150 years after the US abolished slavery, forced labor continues in the country.”

Additional tweets

“American politicians have been trying to pass the country's evil deeds on to others, by making up stories of "forced labor" in Xinjiang and other parts of the world. US hypocrisy is stunning.”

“Given its long history of human rights violations, the US has no right to even try to hold the high moral ground in human rights protection.”

Market reaction

Even though the US-China trade talks went well, the spat over human rights issue remains a cause for concern between both sides.

There is little to no market reaction to the above series of tweets from China, as a sense of calm prevails ahead of the US Core PCE Price Index storm.

AUD/USD remains on the back foot below 0.7750 while the S&P 500 futures rise 0.35% to 4,215 on optimism around the US spending plan.

Author

Dhwani Mehta

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.

More from Dhwani Mehta
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD retreats toward 1.1700 on modest USD recovery

EUR/USD stays under mild bearish pressure and trades below 1.1750 on Friday. Although trading conditions remain thin following the New Year holiday and ahead of the weekend, the modest recovery seen in the US Dollar causes the pair to edge lower. The economic calendar will not feature any high-impact data releases.

GBP/USD struggles to gain traction, stabilizes near 1.3450

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and trades marginally lower on the day at around 1.3450 as market participants remain in holiday mood.

Gold climbs toward $4,400 following deep correction

Gold advances toward $4,400 and gains more than 1.5% on the day after suffering heavy losses amid profit-taking heading into the end of the year. Growing expectations for a dovish Fed policy and persistent geopolitical risks seem to be helping XAU/USD stretch higher.

Cardano gains early New Year momentum, bulls target falling wedge breakout

Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).