China released a white paper on US trade and economic relations on Wednesday.
Key takeaways
- China will take countermeasures to safeguard rights, interests.
- Firmly opposes unilateral, bullying restrictive measures.
- Has always believed the essence of China, US economic, trade ties is mutually beneficial and win-win.
- It is normal for China and the US to have differences and frictions in economic and trade cooperation.
- The US will not solve its own problems by raising tariffs.
- China is unwilling to fight a trade war, but the Chinese government will never sit idly by and watch the legitimate rights and interests of the Chinese people be damaged and deprived.
- China has a firm will and abundant means, will resolutely counteract and fight to the end.
Market reaction
As of writing, AUD/USD is up 0.62% on the day, trading at 0.6000.
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