China Softens Tone on Trade After U.S. Leaves Empty-Handed
- State media urge a continuation of last week’s negotiations
- UBS sees limited direct impact of tariffs on exports, growth
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China tried to strike a positive tone after Donald Trump’s trade negotiators left Beijing Friday with no public sign of an agreement, reiterating that the U.S. shouldn’t make unreasonable demands.
State media over the weekend offered a somewhat positive assessment of the U.S. trade talks, urging more negotiations while saying the Americans should be “rational and pragmatic.” And in a move that would meet some U.S. demands, the Commerce Ministry is studying measures to further lower import tariffs on some food, pharmaceuticals and medical instruments, Economic Information Daily reported Monday, citing unidentified people.