China will not accept any form of pressure, intimidation or deception - SCMP

Eren Sengezer FXStreet

According to the Chinese news outlet South China Morning Post, Chinese foreign ministry spokesman Hua Chunying noted that President Trump's announcement of new tariffs on the remaining $300 billion worth of Chinese imports had violated the agreement the sides had reached at this week's high-level talks.

"China will not accept any form of pressure, intimidation or deception," Hua said. "We will not give an inch on important issues of principle."

Minutes ahead of the Wall Street opening bell, the S&P 500 Futures is still down 0.2% on the day, suggesting that the sour market sentiment is unlikely to change in the first half of the session.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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