It looks like China has decided it was a mistake to take on President Trump and they say they are now looking for a “calm” end to the trade war.
Their stock market is tanking and their currency has hit an 11 year flatline.
They are in the middle of their worst economy in 30 years.
They tried to go toe to toe with President Trump, but they have learned that he is no Bill Clinton, George W Bush or Barack Obama.
This president plays to win and if you have any hope of beating him, you had better try to set a record because just good isn’t good enough.
China signaled Monday it is now seeking a “calm” end to its ongoing trade war with the U.S. and President Trump voiced optimism about a deal, as Asian markets crumbled and China’s currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.
“I think we’re going to have a deal,” Trump told reporters.
Trump said Monday that officials from China called U.S. officials and expressed interest to “get back to the table,” The Wall Street Journal reported. He called the discussions a “very positive development.”
“They want to make a deal. That’s a great thing,” he said.
News of the possible opening in negotiations came shortly after Trump threatened to declare a national emergency that would result in American businesses freezing their relationships with China. Trump’s tariff barrage on Friday was a response to China imposing its own retaliatory tariffs on $75 billion in U.S. goods.
At the Group of Seven summit in France on Sunday, White House officials rejected suggestions the president was wavering and insisted that his only regret was not implementing even more tariffs on China. Trump wrote on Twitter that world leaders at the G-7 were “laughing” at all the inaccurate media coverage of the gathering.
In response, Chinese Vice Premier Liu He told a state-controlled newspaper on Monday that “China is willing to resolve its trade dispute with the United States through calm negotiations and resolutely opposes the escalation of the conflict,” Reuters first reported, citing a transcript of his remarks provided by the Chinese government. Liu is China’s top trade negotiator.