China says willing to resolve US concerns on tariffs through dialogue

• Trade between both countries are mutually beneficial in nature, should follow WTO rules
• Trade disputes should be solved within WTO framework
• Hopes that US and China will move in same direction through equal consultation
• China ready to work more closely to safeguard hard-earned multilateral trading system
• Will not accept threats and oppression
• Will firmly defend our sovereignty, security, development interests
• It is natural to have disagreements but important to respect each others’ interests, major concerns

This could have been a copy and paste of the whole ordeal in 2018-2020 and no one would be the wiser. Trump has already signed the order for China tariffs to be bumped up to 20% here. That will go into effect in the next 15 minutes. It’s still some ways off the 60% tariffs he campaigned initially but I guess we’re slowly getting there?

This article was written by Justin Low at www.forexlive.com.