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CN, Confident Trump Will Compromise Due to Stock Mkt Shock, Takes Tough Stance on Trade: Wire
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China believes the U.S. economy cannot sustain itself amid ongoing trade conflicts, prompting China to adopt a tough stance in the U.S.-China trade tensions, the Wall Street Journal reported, citing sources. China is confident that the escalation of the trade war will jeopardize financial markets, akin to the situation following US President Donald Trump's announcement of reciprocal tariffs in early April, sources divulged. China anticipates another stock market shock, ultimately forcing Trump to negotiate during his meeting with Chinese President Xi Jinping later this month. China's tough strategy is purportedly based on Trump's eventual compromise rather than implementing threats against China. This confidence has reinforced after the U.S.-China trade truce reached in May. AASTOCKS Financial News Website: www.aastocks.com |
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