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Showing posts with label Escalation. Show all posts
Showing posts with label Escalation. Show all posts

Sunday, June 2, 2019

China - US Relations: Tariffs China: Blame U.S. for escalation of trade war, China says - by Christopher Bodeen

China issued a report Sunday blaming the United States for the countries’ trade dispute and said it won’t back down on “major issues of principle,” but offered no clarification about what additional steps it might take to up the ante.

The report from the Cabinet spokesman’s office said that China has kept its word throughout 11 rounds of talks and will honor its commitments if a trade agreement is reached. It accused the U.S. of backtracking three times over the course of the talks by introducing new tariffs and other conditions beyond what was agreed on. “But the more the U.S. government is offered, the more it wants,” it said, accusing America’s negotiators of “resorting to intimidation and coercion.”

Read more: Tariffs China: Blame U.S. for escalation of trade war, China says

Sunday, April 1, 2018

China -US Relations: Trade war escalates as China says it will impose tariffs on 128 U.S. exports, including pork and fruit - by Damian Paletta

The Chinese government plans to immediately impose tariffs on 128 U.S. products, including pork and certain fruits, a direct response to President Trump’s recent moves to pursue numerous trade restrictions against Beijing.

If U.S. goods become more expensive in China, Chinese buyers could opt to purchase products from Europe, South America or elsewhere, though White House officials have routinely discounted the likelihood of this.

Beijing’s move could force Trump to decide whether to follow through on expansive trade restrictions he had hoped would crack down on China even if Beijing is now threatening to harm U.S. companies that rely on Asian markets for buyers.

A Twitter post from the “People’s Daily,” an English-language news organization controlled by the Chinese government, said Sunday that “China imposes tariffs on 128 items of imports from the U.S. including pork and fruit products starting Monday as a countermeasure in response to a previous U.S. move to slap tariffs on steel and aluminum imports: Ministry of Finance.”

Read More: Trade war escalates as China says it will impose tariffs on 128 U.S. exports, including pork and fruit