By Daily Wire. President Donald Trump’s latest trade war escalation against China appears to have had an immediate effect on Asian markets and the Chinese Yuan, sending both tumbling early on Monday morning.
“China’s yuan currency fell to 7.1487 to the dollar, its weakest level since early 2008 at the height of the global financial crisis,” AFP reported. “On equity markets, Hong Kong led losses, slumping more than three percent, with investors also spooked by fresh violent protests in the city that saw police use water cannon for the first time. Shanghai lost 1.3 percent and Tokyo ended the morning more than two percent off.”
Chinese Vice Premier Liu He indicated early on Monday that the communist nation was willing to negotiate with the U.S. to prevent the trade war from escalating. (Read more from “Trump Tariffs Tank Asian Equities, Chinese Yuan. China Ready to Negotiate.” HERE)
China Willing to Resolve Trade Dispute With U.S. via Dialogue: Newspaper
By Reuters. Chinese Vice Premier Liu He said 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, a state-backed newspaper reported.
Liu, China’s top trade negotiator, was speaking at a tech conference in Chongqing in southwest China, the Chongqing Morning Post reported. (Read more from “China Willing to Resolve Trade Dispute With U.S. via Dialogue: Newspaper” HERE)