Monday, August 26, 2019

China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline

China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline


China signaled on Monday it was now seeking a "calm" end to its ongoing trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.
Trump said Monday that officials from China called U.S. officials and expressed interest to "get back to the table,” The Wall Street Journal reported. He called the discussions a “very positive development.”
“They want to make a deal. That’s a great thing,” he said.

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