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ChiXi Consultants – China Could Reject New Trade Talks on New US Tariffs 17th September
The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods.
The report quoted one senior Chinese official saying the country would not negotiate "with a gun pointed to its head."
Other officials who advise the country's leaders are suggesting China impose limits on the sale of parts and supplies needed by U.S. businesses, using "export restraints" to threaten their supply chains.
Fresh trade talks had been proposed by Treasury Secretary Steven Mnuchin to begin around Sept. 20.
Though China had begun discussing plans to attend but began rethinking whether to attend because of the possibility new tariffs may be announced this week.
We have seen remarkable resilience in the US markets whilst the trade tensions continue between the US and China. Whilst it is expected that there could be some volatility over the course of the next few weeks, ChiXi Consultants believes that the majority of possible concerns are already priced in current valuations, therefore it is unlikely there will be any significant downturns over this time period.
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