US President Donald Trump has played down talk of a trade war with China, even as US stock markets tumbled and manufacturers expressed concerns after China said it would place US$50 billion in new tariffs on US exports. Photo: Pool via Bloomberg
US and China officials favour using ‘close communication’ to avoid full-blown trade war
Acting US Secretary of State John J. Sullivan and China’s envoy, Cui Tiankai, saw eye to eye on ‘the need to restore fairness and balance to economic ties’ in meeting
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US-China trade war
US President Donald Trump has played down talk of a trade war with China, even as US stock markets tumbled and manufacturers expressed concerns after China said it would place US$50 billion in new tariffs on US exports. Photo: Pool via Bloomberg