U.S. President Donald Trump on Thursday refuted China’s claims that there were no ongoing trade talks between Beijing and Washington, according to CNBC. Trump told reporters that meetings with China occurred earlier that morning, though he did not specify who attended. Trump’s comments came after China’s Ministry of Commerce and Foreign Ministry asserted there were “absolutely no negotiations” underway and demanded the U.S. abolish “unilateral” tariffs for any resolution. Analysts said China is now prioritizing its needs over U.S. demands, warning that Beijing could adopt a more hawkish stance if escalations continue.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. President Donald Trump on Thursday refuted China's claims that there were no ongoing trade
00:06talks between Beijing and Washington, that according to CNBC. Trump told reporters that
00:11meetings with China took place earlier that morning, though he did not specify who attended.
00:16Trump's comments came after China's Ministry of Commerce and Foreign Ministry asserted there
00:21were absolutely no negotiations underway and demanded the U.S. abolishing unilateral tariffs
00:26for any resolution. Analysts said China is now prioritizing its own needs over U.S. demands,
00:32warning that Beijing could adopt a more hawkish stance if escalations continue.
00:36For all things money, visit Benzinga.com slash GSTV.