Market volatility as US-China trade war takes new twist

Fiery rhetoric from China mitigated by optimistic remarks from Donald Trump on Twitter

Donald Trump and Xi Jinping
Questions are raised about the president’s business dealings in China
(Image credit: Thomas Peter / Getty Images)

The US-China trade war continued its chaotic trajectory on Tuesday, with fiery rhetoric from China - following $60 billion of new tariffs announced the day before - somewhat mitigated by optimistic remarks from President Trump to the press and on Twitter.

Trump tweeted in the morning: “When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited but, as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense. [...] It will all happen, and much faster than people think!”

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William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.