China's Commerce Ministry calls on US to abandon unilateral tariff; will adjust countermeasures and monitor US actions

• Willing to hold 6th round of trade talks with the US.

This headline indicates a potential de-escalation in trade tensions between the US and China, as China's Commerce Ministry is calling for the US to abandon its unilateral tariffs and expresses a willingness to continue trade negotiations. The significance lies in the implications for global markets, particularly in commodities such as oil and metals, as well as the forex market where currencies like the USD and JPY may react to shifts in trade sentiment. Monitoring US actions closely suggests that China is prepared to respond dynamically, reinforcing the need for traders to remain agile in their positions.