Weekend media in China on the escalating trade war with the US, referring to Friday's announcement of retaliatory tariffs on $60 billion of U.S. goods
- "The White House's extreme pressure and blackmail are already clear to the international community,
- Such methods of extreme blackmail will not bear fruit against China."
China is not holding back on the rhetoric, some undiplomatic speak; this from a Xinhua commentary:
- "The U.S. has repeatedly resorted to threatening and deceitful routines, trying to force China to compromise, both overestimating its own bargaining power and underestimating China's determination and ability to defend its national dignity and the interests of its people"
Trump responded with tweets, not backing down either.
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Its difficult to see how this could be a positive for 'risk' (eg. AUD/JPY)