Per a report by MSN, China may appear to be “toning down their responses to Donald Trump’s tariff threats, amid a slowing economy, a falling stock market and a weakening currency.” Rather than respond with another tariff with expediency, the China Commerce Ministry was reticent.
Political observers are sensing China may actually attempt to restart negotiations with the U.S. and ameliorate the trade issues.
“China may be moving gradually from the current tit-for-tat mode of retaliation toward a controlled, selective retaliation,” said Chang Jian, chief China economist at Barclays Plc in Hong Kong.
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