China’s core concerns must be ad­dressed by US in talks: MOFCOM

Global Times US Edition - - BIZUPDATE - By Chu Daye Page Ed­i­tor: zhanghong­[email protected]­al­times.com.cn

China and the US will re­sume trade talks, but China’s core concerns must be ad­dressed, and Bei­jing be­lieves that there must be a way to ad­dress such concerns, the Min­istry of Com­merce said on Thurs­day.

“Through ne­go­ti­a­tions based on equal­ity and mu­tual re­spect, each side’s le­git­i­mate concerns will and can be ad­dressed,” Gao Feng, spokesper­son of China’s Com­merce Min­istry, told a press con­fer­ence on Thurs­day.

Gao said at a May 16 press con­fer­ence that China’s core concerns in­clude the re­moval of all US tar­iffs, a rea­son­able amount of pur­chases from the US and a bal­anced agree­ment. No fur­ther de­tails were dis­closed.

It was the sec­ond weekly press con­fer­ence in a row, af­ter the meet­ing be­tween Chi­nese Pres­i­dent Xi Jin­ping and US Pres­i­dent Don­ald Trump dur­ing the G20 sum­mit in Osaka, Ja­pan, where lit­tle in­for­ma­tion was given to re­porters about an an­tic­i­pated re­sump­tion of trade talks, even though most of the ques­tions in­volved those talks.

The stress on China’s core concerns re­flected US un­will­ing­ness to give ground on these is­sues, Song Guoyou, direc­tor of Fu­dan Univer­sity’s Cen­ter for Eco­nomic Diplo­macy, told the Global Times on Thurs­day.

“If the US con­tin­ues to refuse to ad­dress these concerns from China, China has rea­son to believe that the US is not sin­cere in the talks,” Song said, not­ing that in that case, reach­ing a fi­nal agree­ment would be dif­fi­cult.

“The US can lift the tar­iffs it put in place, but it wants to use these as bar­gain­ing chips in talks,” Song noted, adding that China will hold firm on its de­mand.

Gao said that the US move is in ac­cor­dance with its own tar­iff ex­emp­tion pro­to­col and he didn’t give a di­rect an­swer to a ques­tion on whether China will lift some tar­iffs on US im­ports in re­sponse.

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