🚨In the words of U.S. President Donald Trump, he had appeared more flexible on resolving the ongoing tariff war, suggesting that Chinese officials were in contact with his administration. This optimism briefly boosted global stock markets yesterday. However, today Beijing clarified that no such communication had occurred.
Officials cautioned that the market’s rebound, fueled by hopes of a tariff resolution, should be approached carefully—it’s too soon for investors to feel secure.
Chinese Foreign Ministry spokesperson Geng Shuang stated, "There have been no discussions regarding tariff solutions with the United States. If necessary, we are prepared to fight. But if the U.S. wishes to talk, our door remains open—on the basis of equality, respect, and mutual benefit."
The Chinese Ministry of Commerce also reinforced that reports of ongoing talks had no factual basis.
Meanwhile, President Trump claimed today that a preliminary trade agreement with India might soon be finalized, noting that India's tariffs are relatively low, and other barriers, such as government subsidies, are minimal—making negotiations easier.