On Monday, Asian markets were mostly lower in early trade as Beijing released a white paper on the weekend and accused the United States for growing the trade war.
Hong Kong’s Hang Seng Index tumbled 0.6 percent. The Shanghai Composite and the Shenzhen Component weakened 0.7 percent and 0.6 percent respectively.
China issued a white paper that claimed the U.S. is an unreliable negotiator and accused it for starting global trade problems.
The rising trade spat has not “made America great again” and “will only make things worse for all sides,” the paper said, as trade actions taken by U.S. President Donald Trump and his government have done serious damage to the U.S. economy because of increased production prices.