US-China Trade War: Beijing Not Making Any Concessions, Chinese Commerce Ministry Clarifies

In a speech Tuesday, Chinese President Xi Jinping said the world’s second-largest economy would open itself further and reduce import tariffs on products like automobiles, and those comments were seen by some as China blinking in the ongoing trade standoff with the United States. President Donald Trump took to his Twitter account to thanks Xi for the latter’s “kind words on tariffs and automobile barriers.”

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