China has expressed opposition to potential new U.S. tariffs under Section 301, while continuing to engage in high-level dialogue ahead of a possible summit between former President Trump and President Xi Jinping. According to FX Street, Beijing is keeping communication channels open but has also warned that it will take necessary measures if additional duties are imposed.
The ongoing trade discussions reflect efforts to manage tensions despite unresolved tariff issues. The anticipated Trump–Xi summit remains a key event that could influence future trade policies between the two countries.
For Japanese markets, developments in U.S.-China trade relations are closely watched due to their impact on global supply chains and market volatility, particularly in FX and equities sectors.