China vows to ready emergency plan, policy tools amid trade

The decision-making Politburo, led by President Xi Jinping also pledged to set up new policy tools on Friday, without elaborating, according to the official Xinhua News Agency. China’s Commerce Ministry also upped its demand this week for Washington to revoke all unilateral tariffs, showing it’s in no rush to start negotiations despite Trump’s suggestion he could substantially lower levies in a deal.

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