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In an opinion piece carried by a local Australian press late-Thursday, China’s  ambassador to Australia expressed his thoughts on the ongoing US-China trade spat.

Key Quotes:

China does not want a trade war with the United States.

But Beijing is not scared of retaliating.

US tariffs on Chinese goods “bullying”.

In the face of US trade bullying and extreme pressure, China’s position has always been rational and clear-cut.  

We do not want a trade war, but are not afraid of fighting one.

The US-China trade optimism remains intact, despite the latest remarks, as markets eagerly await the Oct US-China trade talks for fresh cues.

  • China’s  Commerce Ministry: Trade call with US this morning went very well
  • China’s  Commerce Ministry:  China, US to hold trade talks in early October in Washington
  • USTR: US Treasury Sec. Mnuchin, Vice Premier Liu He spoke on US-China trade talks