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Chinese Foreign Ministry: China and the US are not yet in talks on tariffs

Guo Jiakun, a Chinese Foreign Ministry spokesperson, noted on Thursday, “China and the US are not yet in talks on tariffs.”

Additional takeaways

Respect is condition for any talks to happen.

  • US needs to stop threats if it wants talks.
  • US 'tariff tsunami' breaks WTO rules.

China’s Commerce Ministry: There have not been economic and trade talks between China and US

The Chinese Commerce Ministry said on Thursday that “there have not been economic and trade negotiations between China and the US.”
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EUR/USD finds support as US Dollar struggles to extend recovery

EUR/USD finds cushion near 1.1300 during European trading hours on Thursday after a two-day correction. The major currency pair tests ground as the US Dollar (USD) faces pressure as it attempts to extend its recent recovery.
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