China reportedly would rather suspend trade negotiations if US fails to show sincerity

Author: Justin Low | Category: News

SCMP reports

US China
Citing a commentary published by Taoran Notes, a social media account affiliated with China's state media:

"If there is no real concrete action by the United States, it will be meaningless for you (Mnuchin) to come and talk. It is better to suspend the consultation completely and return to the normal working track... The US does not show any sincerity in continuing talks... Instead, it is extending its pressure tactics. The US on one hand says it engages in talks, but on the other hand keeps using petty tricks to destroy the atmosphere for talks."
Adding that China would not give an "effective response" to the US if Washington does not show sincerity in resolving the trade dispute between the two countries.

I would take note of the language used by China in responding, it basically shows how divided both parties are right now and that the atmosphere is growing more tense by the day. The commentary adds to the earlier report by Xinhua and is making for some uneasiness in markets as we begin the day.

The full report on the above can be found here.

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