- US, European, and Asian equities fell on Friday after the Chinese government threatened to suspend trade talks with the US.
- Chinese state media accused the US of playing “petty tricks” and lacking a sincere desire to resolve the trade war.
- “If there is no real concrete action by the United States, it will be meaningless for you to come and talk,” China’s ruling party wrote in a commentary published on social media.
US, European, and Asian equities slumped on Friday after the Chinese government threatened to cut off trade talks with the US, accusing the nation of using “petty tricks” and lacking a sincere desire to end the trade war.
“If there is no real concrete action by the United States, it will be meaningless for you to come and talk,” the Chinese Community Party said in a commentary published by Taoran Notes, a social media account tied to Economic Daily, a state-run newspaper. The comments referred to US Treasury Secretary Steven Mnuchin’s intention to travel to Beijing to continue talks. “It is better to suspend the consultation completely and return to the normal working track.”
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