Market Chatter: China Says Trade War Unnecessary Amid Talks With US
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China's commerce minister stated that a tariff war with the US is unnecessary following discussions with US officials in Europe. A tariff deal is anticipated before the August 12 deadline, following a preliminary agreement in June. Without a deal, global supply chains risk tariffs exceeding 100%. Minister Wang Wentao emphasized that major countries must take responsibility while China will protect its interests. This information is based on market conversations and may include speculation.
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