Beijing expresses readiness for dialogues regarding tariffs with the United States.
Cool Newsflash:
China seems open to chats about the ongoing trade row following a nudge from the US, according to China's Commerce Ministry. However, they've made it clear that Washington needs to buckle up and play fair, dropping those unfair tariffs and correcting their dodgy moves. Ain't no use trying to coerce or intimidate China through talks, 'cause that ain't gonna work.
This is the first hint of a possible cool-down in the trade war, coming after the US slapped a whopping 145% tariff on Chinese goods. China ain't happy about it and hit back with a 125% tariff. But don't worry, Trump said he's optimistic they can get a deal sorted.
US Secretary of State Marco Rubio spilled the beans about a bash with China happening soon to discuss everything. Rubio said that Treasury Secretary Steve Mnuchin is leading the charge on these talks, and they'll kick off soon.
(Source: Beijing Newsroom, Anne Marie Roantree, and Donny Kwok. Want more? Get in touch with us at [email protected] for politics and economics or [email protected] for companies and markets.)
Extra Gossips
Who wins when markets crash?Who knows? But it could be an excellent chance for savvy investors to score some serious gains. As for VW stock before the next pullback, well, that's a short opportunity waiting to happen at this resistance. Keep your eyes peeled!
Important days ahead for major U.S. indices:Hold onto your hats! Some crucial moments are on the horizon for major U.S. indices. Buckle up!
Got More Time?
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Sincerity emanated from China's Commerce Ministry as they expressed readiness for trade discussions, urging the US to adhere to fair business practices and lift tariffs. The newsroom reported US Secretary of State Marco Rubio's confirmation of an upcoming meeting, led by Treasury Secretary Steve Mnuchin, to discuss ongoing disputes. In finance, some view market downturns as potential opportunities for shrewd investors. Oil prices have been affected negatively by weak economic data from both China and the US. The debate over US tariffs persists,with a lighter take on the issue focusing on how many Chinese dolls an average American child truly requires.
