Comments by China's commerce ministry
- Urges US to immediately cancel sanctions on Chinese firms including Huawei
- Hopes that US will drop its wrongdoings
- Says that it is not feasible for firms to shift their supply chain out of China
- Calls for favourable environment ahead of Trump-Xi meeting
Based on their remarks here, it's not really suggestive that there's a so-called trade truce already agreed between the two countries ahead of the Trump-Xi meeting. Regardless, the outcome of talks over the weekend will still be the key driver for markets currently.
