Home Business News Tensions rise between US and China over trade

Tensions rise between US and China over trade

by LLB Editor
16th Oct 19 9:45 am

τRaised tensions between the US and China over Hong Kong helped renew fears over the trade relations between the two economic powerhouses and led to subdued investor sentiment on Wednesday.

“Sterling slipped back amid concern over the fate of a possible Brexit deal and this boosted the overseas earners on the FTSE 100, helping the index trade flat early on,” said Russ Mould, AJ Bell investment director.
A spokesman for the Chinese Ministry of Foreign Affairs said “China strongly urges certain people in the U.S. Congress to grasp the situation, immediately stop advancing the bill regarding Hong Kong and interfering in Hong Kong’s affairs to avoid further damaging China-U.S. relations”. The SCMP also reported “In a crucial period in which China and the US are meeting each other halfway (on trade), some American politicians are effectively putting the car in reverse by pushing this bill and flagrantly meddling in China’s internal affairs”.

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