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China ready to fight back if US looks to reignite a trade war - Xinhua

In response to the White House statement released on Tuesday, the Chinese state media, Xinhua, said that China hoped that the US would not act impulsively but stood ready to fight to protect its own interests.

Xinhua added that China was ready to fight back if Washington was looking to reignite a trade war.

Meanwhile, the Global Times stated, “the United States was suffering from a "delusion" and warned that the "trade renege could leave Washington dancing with itself". 

White House announced that the US will continue withholding tariffs on a targeted $50 billion of Chinese imports unless Beijing addressed the issue of theft of American intellectual property.

UK shop prices show biggest fall since January 2017 - BRC

British shop prices fell by 1.1 percent in year-on-year terms - the biggest drop since January 2017 compared to a 1 percent drop in April, the survey
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GBP/JPY Technical Analysis: Market is most oversold since August 2017

Daily chart Spot rate: 143.90 Daily High: 144.29 Daily Low: 143.60 Trend: Bearish, but minor correction could be in the offing. Resistance 144
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