Trade War Rhetoric Ramps Ahead of Thursday's Talks

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U.S. stocks took a big hit Tuesday afternoon after the Trump administration announced that it will be placing visa restrictions on certain Chinese officials ahead of Thursday's scheduled trade talks. 

The U.S. State Department issued the visa restrictions due to what it said were abuses of Muslims in China's Xinjiang region, where Muslims face government surveillance and internment in camps. 

The U.S. response comes just hours after the Chinese Minister of Commerce issued a statement warning the U.S. to stay out of its domestic affairs while negotiating the trade deal. 

"We strongly urge the U.S. to immediately stop making irresponsible remarks on the issue of Xinjiang, stop interfering with the wrong actions of China's internal affairs, and remove relevant Chinese entities from the list of entities as soon as possible," a spokesperson from the Ministry of Commerce said.

The uptick in heated rhetoric does not bode well for the trade talks that are scheduled to begin October 10. 

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