The US is picking up the stick against China over trade and the tech even amid coronavirus and the same could lead to tough phase-two talks said China’s Global Times during early Friday. Key quotes Washington’s threatening of more restrictions on trade in technologies with China and more tariffs on Chinese products might have been a familiar gambit it has deployed before extracting more concessions from Beijing in phase two trade talks, but, in a broader sense, they are part of certain US elements’ ideologically-driven attempt to contain China, Chinese analysts said on Thursday. Nonetheless, such ill attempts while escalating tensions would not force China to give any ground on core issues, let alone to a downfall, analysts noted. Since the epidemic in China gained national attention in mid-January, the US has moved to ban foreign nationals with travel history to the Chinese mainland in the past 14 days, charged Chinese telecom firm Huawei with racketeering, finalized a new rule that allows tariffs on products from China and other countries that it deems to have undervalued their currencies, and removed China from its list of “developing” nations that paves the way for more duties on Chinese goods. FX implications Such news provides an additional boost to the broad risk-off. As a result, Gold prices rally to a fresh seven-year high of $1,626.53 before pulling back to $1,626 by the press time. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD closes below 100-day MA for first since Oct. 9, eyes UK PMI FX Street 2 years The US is picking up the stick against China over trade and the tech even amid coronavirus and the same could lead to tough phase-two talks said China’s Global Times during early Friday. Key quotes Washington's threatening of more restrictions on trade in technologies with China and more tariffs on Chinese products might have been a familiar gambit it has deployed before extracting more concessions from Beijing in phase two trade talks, but, in a broader sense, they are part of certain US elements' ideologically-driven attempt to contain China, Chinese analysts said on Thursday. Nonetheless, such ill attempts while escalating… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.