China, US hint at chance for talks after Trump's tariff threat - Bloomberg

According to a person familiar with the Trump administration’s thinking, the Chinese and US officials have shown willingness to resume talks over trade between the two nations after President Donald Trump unveiled a list of Chinese imports worth $200 billion that could face higher duties, Bloomberg reports.

The sources added, “While there are no formal talks scheduled, the dialogue continues between the two countries among lower-level bureaucrats.”

China’s Vice Minister of Commerce Wang Shouwen said in an interview with Bloomberg in Geneva Wednesday, “When we have a trade problem, we should talk about it. We should sit down and try to find a solution to this trade problem.”

AUD/USD climbs to session tops, recovers part of overnight slump

   •  Consolidative USD price-action prompts some short-covering move.     •  Gains likely to remain limited amid escalating US-China trade tensions.
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