Is China Capitulating In The Trade War?

“China called last night our top trade people and said let’s get back to the table.”

Trump says China wants to restart trade talks during a meeting with Egypt’s President #G7Summit pic.twitter.com/VWHjo4H1nA

— Bloomberg TicToc (@tictoc) August 26, 2019

FOX News: China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline

China signaled Monday it is now seeking a "calm" end to its ongoing trade war with the U.S. and President Trump voiced optimism about a deal, as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.

"I think we're going to have a deal," Trump told reporters.

Trump said Monday that officials from China called U.S. officials and expressed interest to "get back to the table,” The Wall Street Journal reported. He called the discussions a “very positive development.”

“They want to make a deal. That’s a great thing,” he said.

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Update: China says wants 'calm' resolution to U.S. trade war (Reuters)

WNU Editor: The problem with President Trump's remarks is that the Chinese are saying that there were no discussions in the past few days .... Trump Says China "Called", Wants To Restart Trade Talks; China Denies, Has No Idea What Trump Talking About (ZeroHedge). As for the remarks by Vice Premier Liu He, all that he is saying is that this dispute should be settled through negotiations. There was no hint from him that China is willing to compromise. But Monday was a rough day for China. The Yuan continued its downward spiral, and the Asian markets were battered. The consequences for China will be profound if this continues.

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