On China’s Trade War “White Paper”

http://trendmacro.com/system/files/reports/20190602TrendMacroLuskin-9C.pdf
Donald L. Luskin
Sunday, June 2, 2019
A tough statement about US/China negotiations means China is still in negotiations.
Strategic view: 

China has published a “white paper” laying out its position in trade negotiations. While tough in some superficial ways, publishing it at all means the negotiations are still open. Wang is the spokesman here, the same staff-level negotiator who said in September that China would never negotiate while the US held “a knife to its throat.” China ended up negotiating precisely because of that “knife,” and it will again.

Market(s):