Chinese Commerce Ministry: US will hurt its own economy if trade war continues

China's commerce ministry was out with some official comments in the last hour, confirming that the top US and Chinese trade officials will hold discussions under instruction from respective leaders.

Key quotes:

   •  Our stance on trade talks has been consistent and our fundamental demands must be met. 
   •  Trump said during a call with Xi that a solution should be found soon.
   •  The US will hurt its own economy if the trade war continues. 
   •  We hope that the US listens to industry voices and abandons the wrong behaviour of threatening tariffs and waging a trade war.