"China called last night our trade people and said let's get back to the table," Trump said on the sidelines of the Group of 7 meeting in Biarritz, France.
Trump says China wants to restart trade talks during a meeting with Egypt's President #G7Summit pic.
Just before 6am, China's Global Times editor in chief Hu Xijin confirmed that "Based on what he knows", there were no phone calls between the US and China in recent days, suggesting that Trump indeed "Hallucinated" the 2 phone calls, which only took place in his head in hopes of keeping stocks from plunging.
Just to really confuse everyone, when asked if he could delay the planned tariffs on China, Trump said "Anything is possible", denying the White House denial from Sunday, according to which Trump was having second thoughts about not having hiked tariffs on China sooner.
While Liu's comments and a slightly stronger-than-anticipated yuan fixing suggested that traders don't need to worry about an immediate counterpunch from China after a tumultuous weekend, it was clear that Beijing has no intention of losing face by being the first to make a phone call to Trump in hopes of ending the escalation, and yet that's precisely how Trump made the situation appear.
Communication failure, disagreement or outright lies aside, the trade war continues to escalate, over the weekend China said it would follow through with retaliatory measures against Trump's "Barbaric" tariffs and fight the trade war to the end, after the U.S. failed to keep its promises, the Communist Party flagship newspaper People's Daily wrote in a Saturday editorial.
"If someone continues to misread China's rational and calm attitude, and holds the illusion that they can continue maximum pressure and China won't fight back, then China has no other option but to retaliate as in the past."
https://www.zerohedge.com/news/2019-08-26/trump-says-china-wants-restart-trade-talks-china-denies-has-no-idea-what-trump
Trump says China wants to restart trade talks during a meeting with Egypt's President #G7Summit pic.
Just before 6am, China's Global Times editor in chief Hu Xijin confirmed that "Based on what he knows", there were no phone calls between the US and China in recent days, suggesting that Trump indeed "Hallucinated" the 2 phone calls, which only took place in his head in hopes of keeping stocks from plunging.
Just to really confuse everyone, when asked if he could delay the planned tariffs on China, Trump said "Anything is possible", denying the White House denial from Sunday, according to which Trump was having second thoughts about not having hiked tariffs on China sooner.
While Liu's comments and a slightly stronger-than-anticipated yuan fixing suggested that traders don't need to worry about an immediate counterpunch from China after a tumultuous weekend, it was clear that Beijing has no intention of losing face by being the first to make a phone call to Trump in hopes of ending the escalation, and yet that's precisely how Trump made the situation appear.
Communication failure, disagreement or outright lies aside, the trade war continues to escalate, over the weekend China said it would follow through with retaliatory measures against Trump's "Barbaric" tariffs and fight the trade war to the end, after the U.S. failed to keep its promises, the Communist Party flagship newspaper People's Daily wrote in a Saturday editorial.
"If someone continues to misread China's rational and calm attitude, and holds the illusion that they can continue maximum pressure and China won't fight back, then China has no other option but to retaliate as in the past."
https://www.zerohedge.com/news/2019-08-26/trump-says-china-wants-restart-trade-talks-china-denies-has-no-idea-what-trump
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