Comments by China's commerce ministry

  • Will take action to resolutely safeguard Chinese firms' interests
  • Hopes EU can prudently adopt trade protection measures on steel
  • Willing to strengthen communication with EU to cope with chaos caused by US

China now having to appease the EU overlords too. Reports earlier here are saying that they are looking to negotiate further with the US and are stepping up efforts so if anything it bodes well for sentiment in markets for the time being.

It's China against the world: