China’s US Embassy spokesperson:

• Both China and US have maintained communication over their respective concerns in the economic and trade fields on various bilateral and multilateral occasions at multiple levels.
• China has repeatedly raised concerns regarding US abuse of export control measures and semiconductor sector and other related practices.
• China urges US to cease discriminatory restrictions and jointly uphold the consensus reached at the high level talks in Geneva.

The comments are in reaction to/in response to the post from Pres. Trump this morning:

I am not sure there will ever be a solution. The US will not trust China. China will not give up all it does or its sovereignty. It might be that if Apple can’t produce in the US competitively, consumers go to Mexico or Canada to buy iPhones or gets them off smuggling boats off the coast of Florida. Drug runners will become iPhone runners. China will smuggle chips into its country.

This article was written by Greg Michalowski at www.forexlive.com.