Donald Trump ratchets up trade war with China

Andrew Cummings
August 3, 2018

Foreign Ministry spokesman Geng Shuang told a daily news briefing in Beijing that USA pressure on trade won't work, and that Beijing has always upheld using dialogue to resolve trade issues. "We hope that the trade policy makers in the United States will be cool-headed and listen to the voice of USA consumers and pay high attention to the voice of the American business community." he said, noting that higher tariffs will add to costs for USA companies operating in China and for consumers.

The new levies would escalate trade tensions with the foreign power and add to a 25 percent tariff already imposed on $34 billion of Chinese imports in July.

President Donald Trump's administration said on July 10 it would seek to impose the 10-percent tariffs on thousands of Chinese imports. "Now, the USA coerces and pressures others unilaterally". However, the Chinese bourses fall under the pressure on the news that Trump is considering 25% tariffs on Chinese goods worth $200 billion against 10% that are being discussed now.

Mr Trump has threated to slap tariffs on virtually all of China's exports to the United States.

China's Ministry of Foreign Affairs said it will fight back should the US further increase tariffs.

"Escalating tariffs against China is the wrong approach to address legitimate concerns US businesses have with China's harmful practices", said Myron Brilliant, head of global affairs for the US Chamber of Commerce.

"China's trade abuses need to be addressed, but tariffs are not the answer", the National Retail Federation said.

Despite the chill in relations between the two countries over the tariff issue, no formal talks have taken place between Washington and Beijing for weeks over Trump's demands that China make fundamental changes to its policies on intellectual property protection, technology transfers and subsidies for high technology industries.

"The Coming Collapse of China" author Gordon Chang on US trade talks with China and President Trump's overall trade policy.

Trump recently threatened to slap punitive tariffs on all Chinese exports to the United States, which amounted to more than $500 billion a year ago. After Liu visited Washington later that month, the nations released a joint statement pledging to reduce the USA trade deficit with China, among other things.

Erin Ennis, senior vice president of the U.S.

"China has always resolutely supported Cambodia's efforts to protect its sovereignty, independence and stability, and opposes any foreign country interfering in Cambodia's internal affairs", the statement cited Wang as saying.

"The US wants to see signs that China is operating like a market economy", he said.

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