Thursday, June 21, 2018

China Issues Concerns That U.S. Workers Will Be Hurt In A Trade War (Update)

China's Ministry of Commerce spokesperson Gao Feng attends a news conference at the commerce ministry in Beijing, China, June 19, 2018. REUTERS/Thomas Peter

Reuters: Washington's 'capricious' trade actions will hurt U.S. workers, China warns

BEIJING (Reuters) - China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks”.

Previous trade negotiations with the United States were constructive, but Beijing has had to respond in a strong manner due to the U.S. tariff threats, commerce ministry spokesman Gao Feng said.

President Donald Trump threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariffs if Beijing retaliates against his previous announcement to target $50 billion in imports. The United States has accused China of stealing U.S. intellectual property, a charge Beijing denies.

Washington’s accusations of forced tech transfers are a distortion of reality, and China is fully prepared to respond with “quantitative” and “qualitative” tools if the U.S. releases a new list of tariffs, Gao told a regular briefing in Beijing.

Read more ....

Previous Post: China Is Accusing The U.S. Of 'Being A Bully' On International Trade

WNU Editor: Memo to all American workers .... the Chinese government does not care about you.

1 comment:

Haruka said...

I lean liberal, but Trumps stance on China is something I can back. They're the type that you have to be tough on. Hopefully he continues pressuring them regardless of what happens.