ICYMI – China said the US has undermined the consensus reached in Geneva tariff talks

Greg posted this news, not be to be missed (in case you did):

• China: US undermines consensus reached in Geneva talks.

This was in response to the US Commerce Department saying use of Huawei’s Ascend AI chips violates the governments export controls.

Keeping a lid on tariffs is in the interest of both the US and China, so I imagine this’ll get sorted out. Could get ugly if not though.

This article was written by Eamonn Sheridan at www.forexlive.com.