Donald Trump, President of United States of American, said on Monday that the Chinese trading officer had talked to US twice on the line, wishing to return to the negotiating table.
However on the same day Geng Shuang, the speaking person of Chinese Foreign Ministry, pointed out that he did not receive any news about the conversation. When asked about President Trump’s comments he insisted that he knew nothing about this particular situation. Again Geng Shuang resolutely countered the hard stance of US government saying that China would never take any threats such as this.
During one of the press conference of G7 summit which is being held in Biarritz, France President Trump told the reporter that China had contacted US senior trading officer and wished to go back to negotiating table. He believed that China“wants to do something.”
On Monday the vice prime minister of China, Liu He, told the press that China is willing to solve China-US trading dispute by rational negotiating conversion and China is always against escalating the current situation.
The trade war was surprisingly heated up last Friday as China accounted counter measure against retaliation of US customs rate. President Trump ordered US company to find alternative business to replace China on twitter before claiming add extra taxes to 550 billion import from China. He said that it is a good thing that China wants to deal this rationally. He also said that China had suffered deeply from the trading dispute but they knew what is good for them. Finally Trump claimed that the talk would be back on the table soon and the two countries will come to an agreement.
Before President Trump’s speech on Monday, global stock markets fell sharply, and the yuan hit a 11-year low. In the stock market, the Shanghai and Shenzhen 300 Index closed down 1.4%, while the Shanghai Composite Index fell about 1.2%.