China: Beijing optimistic as 'trade war' with US subdues

Chinese Ministry of Foriegn Affairs praised the recent round of trade negotiations with the US, with its spokesman saying from Beijing on Monday that «the greatest achievement and consensus of this round of Sino-US consultations is that both sides have realised that it is necessary to properly solve the problems in the economic and trade fields through negotiations.» MoFA spokesperson Lu Kang... Еще stressed: «We don't want any relapse [of the trade war]. We think it will be welcomed by the people of both countries, as well as industrial and commercial circles. The rest of the world is supposed to feel relieved.» Following a round of US-China talks in Washington on Friday, the two countries agreed to reduce the US trade deficit with China, with US Treasury Secretary Steven Mnuchin adding that the 'trade war' between two countries is put 'on hold'. Last March, US President Donald Trump signed an order that would pave the way for imposing tariffs on China for 'stealing American technology.' Financial markets consequently dropped amid speculations of a growing commercial conflict between China, and the US and the possibility that China will impose retaliatory tariffs on US products.

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