China reaffirms having maintained communications with US since Geneva talks

• China and US have used multilateral, bilateral occasions to maintain communications at various levels
• Focused on US export controls abuse in semiconductors sector
• Very concerned by EU tire anti-dumping probe
• Will defend legitimate rights, interests of Chinese firms

Well, they’d be pleased by the latest court decision on the reciprocal tariffs. But again, sectoral tariffs are still applicable and you can definitely bet that Trump will keep the pressure up via non-tariff measures too. The two sides are now enjoying a little break in tensions but it will continue to be a key macro development to watch during Trump’s term.

This article was written by Justin Low at www.forexlive.com.