Comments by China’s foreign ministry
- Says that US argument on trade white paper makes no sense
- Urges US to read trade white paper properly
- Says that US statement is shifting blame towards China, who is innocent
There isn’t much doubt that both sides are still very far apart from reaching any compromise and with tariffs still on the table, there is very little chance of that happening now.
It has turned into a battle of egos and both countries will surely not back down. Expect the current frosty relation to continue for many more months at the very least. This is merely just the beginning…