China vows it won’t back down from US
beijing — China lashed out on Wednesday at renewed threats from the White House on trade, warning that it was ready to fight back if Washington was looking for a trade war, days ahead of a planned visit by US Commerce Secretary Wilbur Ross.
In an unexpected change in tone, the United States said on Tuesday that it still held the threat of imposing tariffs on $50 billion of imports from China unless it addressed the issue of theft of American intellectual property.
Washington also said it will press ahead with restrictions on investment by Chinese companies in the United States as well as export controls for goods exported to China.
Its tougher stance comes as President Donald Trump prepares for a June 12 summit with North Korean leader Kim Jong-un, whose key diplomatic backer is China, and as Washington steps up efforts to counter what it sees as Beijing’s efforts to limit freedom of navigation in the South China Sea.
The trade escalation came after the two sides had agreed during talks in Washington this month to find steps to narrow China’s $375 billion trade surplus. Ross is expected to try to get China to agree to firm numbers to buy more US goods during a June 2 to 4 visit to the Chinese capital.
“We urge the United States to keep its promise, and meet China halfway in the spirit of the joint statement,” Chinese Foreign Ministry spokeswoman Hua Chunying told a daily news briefing, adding that China would take “resolute and forceful” measures to protect its interests if Washington insists upon acting in an “arbitrary and reckless manner”. “When it comes to international relations, every time a country does an about face and contradicts itself, it’s another blow to, and a squandering of, its reputation,” Hua said.
China has said it will respond in kind to threats by Trump to impose tariffs on up to $150 billion of Chinese goods.
We urge the us to keep its promise, and meet China halfway in the spirit of the joint statement Chinese Foreign Ministry
It was not clear if the developments would have any impact on the planned visit to China by Ross. Several US officials arrived in Beijing on Wednesday for talks, according to a US embassy spokeswoman, including Under Secretary of Agriculture Ted McKinney; the US Trade Representative’s chief agricultural negotiator, Gregg Doud; and Commerce Department Deputy Assistant Secretary Alan Turley.
Trade talks despite tariffs
The United States and the European Union could still negotiate a trade deal even if Washington imposed import tariffs on EU steel and aluminium, US Commerce Secretary Wilbur Ross said on Wednesday.
“There can be negotiations with or without tariffs in place. There are plenty of tariffs the EU has on us. It’s not that we can’t talk just because there’s tariffs,” Ross told a panel at the OECD. Ross said the EU had shown limited interest in serious trade negotiations with the US until the threat of tariffs. — Reuters