China urges U.S. cooperation as Trump trade threat looms

Published On Nov 7, 2024, 3:28 AM

China has expressed a desire for improved cooperation with the United States following Donald Trump's recent electoral victory, emphasizing mutual respect and win-win scenarios. This comes amid concerns regarding the potential for increased U.S. tariffs and tech restrictions under Trump's potential second term. China's Ministry of Commerce indicated openness to resolving differences and advancing economic relations, echoing sentiments shared by President Xi Jinping.

Read full article

Stock Forecasts

FXIView FXI chart on TradingView

Positive

The remarks from China could mitigate fears of escalating trade tensions, especially liquidity and supply chain impacts that typically follow tariff announcements. This positive sentiment around cooperation may lead to short-term gains in sectors sensitive to trade policies.

Related News

Trump win and threat of more tariffs raises expectations for more China stimulus

Nov 6, 2024, 9:45 PM

Donald Trump's presidential win has raised the bar for Beijing's fiscal stimulus plans, expected Friday.

FXI
SPY

China's central bank affirms supportive monetary policy stance at closely watched meeting

Nov 5, 2024, 8:18 PM

The PBOC head added the central bank plans to “increase the intensity of counter-cyclical monetary policy," state media said in Chinese, translated by CNBC.

FXI

China gears up for a big week as markets await U.S. elections and stimulus details

Nov 3, 2024, 6:03 PM

The size of China's highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts say.

FXI