Trump Downgrades US-China Trade War to Little Squabble

May 14, 2019 Share Print 0

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

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.