With trade talks on the verge of collapse China Says ‘Stay Tuned’ for Blacklist Retaliation.
- China poured cold water on hopes for a trade deal, signaling it would retaliate against the U.S. threat to put Chinese tech companies on a blacklist, just two days ahead of the highly anticipated trade talks in Washington.
- Chinese Foreign Ministry spokesman Geng Shuang on Tuesday said “stay tuned,” when asked whether China would retaliate for the blacklist over alleged human rights violations against Muslim minorities.
- “We urge the U.S. to immediately correct its mistake, withdraw the relevant decision and stop interfering in China’s internal affairs,” Geng said at a news conference according to a transcript on the Foreign Ministry’s website. “China will continue to take firm and forceful measures to resolutely safeguard national sovereignty, security and development interests.”
- The White House is reportedly discussing blocking government pension funds from investing in China, further dimming expectations for a trade deal. Peter Navarro, the Trump administration’s trade policy director, however, denied the reports, calling them “fake news.”
Two Key Questions
- More acts of desperation?
- When does Kudlow come on and say everything is fine?
Mike "Mish" Shedlock