Chinese Minister of Commerce: Economic and Commercial Relations between China and the US have gone through storms

China’s Minister of Commerce, Wang Wentao, said Friday that economic and commercial relations between the United States have crossed storms, but remain important for both.

Outstanding comments

Economic and commercial relations between China and the US have gone through storms, they are still important for both.
Since 2018, the US has adopted more unilateral and protectionist measures that cause friction.
Mutual benefit is the essence of commercial ties between the US and China.
Decoupling is condemned to failure since it contradicts economic development.
Differences and friction are inevitable, dialogue and consultation are the best way to solve problems.
Some things are irreplaceable, at least in the short term.
The key is to respect the fundamental interests and the main concerns of each.
The Geneva Agreement and the London framework effectively stabilized commercial ties and cooled tensions.

Market reaction

At the time of writing, the aud/USD torque trades 0.31% higher in the day to quote at 0.6508.

Source: Fx Street

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