US and China soften trade rhetoric, giving analysts hope of market rebound
Tensions between the two countries appear to have cooled off on Sunday, as representatives from both sides signal a willingness to negotiate.
Trade tensions between the US and China appear to be softening, as representatives from both governments issued statements on Sunday that signaled a willingness to resume trade negotiations, giving analysts hope of a market rebound.
In a translated statement, China’s Ministry of Commerce said it is “ready to strengthen dialogue” with other countries on trade and the recently announced rare earth mineral export controls that inflamed trade tensions between the US and China.
The spokespeople also said China would “actively consider” provisions in the rare earth export policy to facilitate trade and strengthen supply chains, including “license exemptions.” US President Trump issued this statement on the same day:
