Chinese State Media published an article talking about a speech Chinese Vice Premier Liu He called for an end to the trade dispute with the US through calm negotiations.

Reuters:

Chinese Vice Premier Liu He said on Monday that China is willing to resolve its trade dispute with the United States through calm negotiations and resolutely opposes the escalation of the conflict, a state-backed newspaper reported.

Liu, China’s top trade negotiator, was speaking at a tech conference in Chongqing in southwest China, the Chongqing Morning Post reported.

The comments come after U.S. President Donald Trump last week announced an extra 5% duty on some $550 billion of Chinese goods, the latest tit-for-tat move announced hours after China unveiled its retaliatory tariffs on $75 billion worth of U.S. products.

It is unclear whether this is rhetoric or actually a move in the right direction but it certainly is noteworthy. The rhetoric is a good sign and I’m sure the Trump Administration feels the same way.

 

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