China warns U.S. trade deals off if tar­iff hike goes ahead

Cape Breton Post - - WORLD -

BEIJING — China’s gov­ern­ment re­newed its threat Thursday to scrap deals with Wash­ing­ton aimed at de­fus­ing a sprawl­ing trade dis­pute as the White House pre­pared to re­lease a list of Chi­nese goods tar­geted for tar­iff hikes. Pres­i­dent Don­ald Trump has threat­ened to raise tar­iffs on up to $150 bil­lion of Chi­nese goods in re­sponse to com­plaints about Beijing’s trade sur­plus and tech­nol­ogy pol­icy. As part of that, the White House is due to is­sue a list on Friday of $50 bil­lion of Chi­nese goods tar­geted for a 25 per cent tar­iff.

Beijing has promised to buy more Amer­i­can soy­beans, nat­u­ral gas and other ex­ports but warned af­ter June 3 talks be­tween U.S. Com­merce Sec­re­tary Wil­bur Ross and China’s top eco­nomic of­fi­cial, Vice Premier Liu He, that all deals were off if Trump’s threat­ened tar­iffs went ahead.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.