Published: Wed, September 26, 2018
Worldwide | By Victor Meyer

China says: While trump will threaten the tariffs - there are no negotiations

China says: While trump will threaten the tariffs - there are no negotiations

Beijing's retaliatory tariffs on $60 billion in American goods were set to go into effect soon after the USA action, the finance ministry announced last week.

Trump has hit 12 percent of total U.S. imports this year alone.

"These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy", he said in announcing the tariffs last week. China has retaliated with 5-10% tariffs on $60 billion worth of American goods.

China does not know why the United States changed its mind after reaching an agreement with China on trade earlier, Wang said.

On top of this, because of her record on human rights, Clinton would have made a big fuss of the reports about China's crackdowns on political dissent and recent allegations about the massive re-education campaigns targeted at Uygurs in Xinjiang in the name of combating terrorism and religious extremism.

"We are entering into a new KORUS [United States-Republic of Korea Free Trade Agreement] that is a better deal for the entire United States economy, including the agricultural sector", U.S. Secretary of Agriculture Sonny Perdue said.

USA activated tariffs on $200 billion in Chinese goods that have scuttled their bilateral talks.

Even more importantly, Trump's trade-war antics and the ensuing intense debates in China have inadvertently served as a much-needed reminder of China's real strength and limitations for Chinese leaders and the people as a whole. Trump and South Korean President Moon Jae-in on Monday signed a new version of the U.S.

Trump is continuously hitting out China later this week, which has signaled everyone that trade war, will not end soon. The tariffs were to come into force on Monday and then rise to 25% on January 1, the White House said.

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This week the U.S. sanctioned a Chinese military procurement organisation, drawing a sharp protest from Beijing and a decision to postpone planned military talks.

"The resumption of the Chinese-US high-level trade negotiations fully depends on the US side".

President Donald Trump says he wants to stop the "unfair transfers of American technology and intellectual property to China" and protect jobs.

The briefing took place a day after the State Council published a 71-page white paper on the trade war.

Envoys last met August 22 in Washington but reported no progress.

"The import of Japanese and German cars is increasing in the Chinese market, while the import of USA cars is declining".

Lian Weiliang, a vice chairman of the NDRC, told reporters that the government is "capable of offsetting the impact" of the USA tariffs through "expanding domestic demand and promoting high-quality growth", although he warned that some industries and regions will be affected more acutely than others.

"US unilateralism and protectionism has caused many countries to retaliate ..." The threatening duties to a further $267 billion made in China products will hit nearly every other consumer product that includes shoes, clothes, and mobile phones.

China summoned the USA ambassador in Beijing and postponed military talks in protest against a USA decision to sanction a Chinese military agency and its director for buying Russian fighter jets and a missile system.

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