More again from China Vice Commerce Minister

  • says when trade talks can restart completely depends on US's will
  • trade talks hard to proceed as US puts gun to China's head
  • cannot say the previous trade talks are useless, but US has abandoned mutual understandings, making trade talks hard to proceed
  • likelihood of global trade war is rising
  • US tariffs disrupting global supply chain, posing risks for fragmentation, disorder
  • says foreign firms' decision to move operations elsewhere must be treated rationally, can't be exaggerated
  • believes most firms will stay in China
  • says China doesn't know why US changed its mind after reaching agreement with China on trade
  • stopping the trade war is the solution
  • believes trade talks with US can find solution if both sides are on equal footing, show sincerity

This all does not sound too hopeful at all. Worse to come on the escalating trade war.

Headlines via Reuters