China says it will fight back if the us escalates trade disputes.

0
452

Beijing (Reuters) – China’s commerce ministry said Thursday that trade negotiations with the United States is impossible, because try not sincere dialogue in Washington, if President Donald trump the tensions, they vowed revenge.
Chinese President xi jinping on Tuesday vowed to further open China’s economy to lower import tariffs on goods such as cars, raising hopes of compromise. In a tweet, Mr Trump said he was “grateful” for Mr Xi’s comments on tariffs and access to us carmakers and said the two countries would “make great progress together”.
‘Mr. Xi’s remarks have nothing to do with trade and should not be mistaken for a concession to Washington,’ the commerce ministry spokesman said at a regular briefing.
“I hope some people in the United States don’t misjudge this situation,” he said. “If the United States takes any action to exacerbate the situation, China will not hesitate to fight back.”
In recent weeks, the world’s two largest economies have to tens of billions of dollars in tariff threat to each other, leading to fears that Washington and Beijing may be involved in comprehensive trade war, that could damage the global economic growth and market turmoil.
Some U.S. officials and analysts said they believed the dispute could eventually be resolved through dialogue, but Beijing reiterated on Thursday that it had not held formal talks.
“This is not a question of whether China is willing to engage in negotiations. This is about the United States showing no sincerity at all, “gao said.

China’s global times tabloid in wrote, Washington can sincerely respond to China’s open and determination of benign interaction, or by putting pressure on China to unreasonable demands, and increasing trade friction.
Washington has accused Chinese companies of stealing commercial secrets from American companies, forcing them to become joint ventures to gain access to their technology, the key to the current tariff threat to China. Beijing denies the charge.
Mr Trump on Monday also criticised China for maintaining 25 per cent of its car import duties, compared with 2.5 per cent in the us, saying the relationship was not free trade but “stupid trade”. But Mr Gao said the WTO rules did not require the same tariffs and demand for such parity to be unreasonable.
He said China would continue to open its market to its own plan and implement the low tariffs promised by xi as soon as possible.

LEAVE A REPLY

Please enter your comment!
Please enter your name here