China says that talks with US cannot take place under threats and pressure

Comments by senior Chinese diplomat, Wang Yi

• US-China confrontation means both sides lose
• Talks with US should be based on equality, sincerity
• China is willing to resolve trade imbalance with US via dialogue
• China does not deliberately pursue trade surplus with the US
• Latest round of US tariffs shows lack of sincerity in resolving trade dispute
• Certain US forces have been making groundless accusations against China on trade
• That has poisoned the atmosphere of US-China relations

ForexLive

It doesn’t look like we’re anywhere near to getting a sit down between the two to discuss the trade dispute. We’re pretty much at the finger-pointing stage now with the US saying the incentive is on China to find ways to talk while China is saying talks will depend on US’ actions.

This looks like it will drag on for quite some time still.