Trump Downgrades US-China Trade War to Little Squabble

U.S. President Donald Trump on Tuesday said trade talks with China had not collapsed, characterizing the trade war between the world’s two largest economies as “a little squabble.”

He made the remarks to reporters at the White House as Beijing and Washington ratchet up tensions with tit-for-tat tariffs on billions of dollars of imports.

Trump indicated negotiators from the two countries were still talking, saying they were having a good dialogue. China’s Foreign Ministry spokesman said on Tuesday the two sides had agreed to continue pursuing relevant discussions.

The United States and China have been engaged in talks for months to reduce trade tensions between the world’s two largest economies, but in recent weeks, talks have stalled, with both countries blaming each other for the breakdown.

via Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.