China Denies Tariff Talks with U.S.
China on Thursday denied any suggestion on negotiations with the administration of U.S. President Donald Trump over tariffs. According to Trump, any notion of progress in the matter was as groundless as trying to catch the wind.
China’s comments come after Trump had earlier on Tuesday said that things were going on fine with China and that the final tariff rate on Chinese exports would come down substantially from the current 145 per cent.
Guo Jiakun, a spokesman for China’s Foreign Ministry, said during a briefing that, “for all I know, China and the U.S. are not having any consultation or negotiation on tariffs, still less reaching a deal.
“China’s position is consistent and we are open to consultations and dialogues, but any form of consultations and negotiations must be conducted on the basis of mutual respect and in an equal manner,” Commerce Ministry spokesman He Yadong said.
“Any claims about the progress of China-U.S. trade negotiations are groundless as trying to catch the wind and have no factual basis,” the spokesman said.
Trump had told reporters earlier in the week that “everything’s active” when asked if he was engaging with China, although his treasury secretary had said there were no formal negotiations. Trump had put 145 per cent tariffs on imports from China, while China hit back with 125 per cent tariffs on U.S. products.
While Trump had given other countries a 90-day pause on the tariffs, as their leaders pledged to negotiate with the U.S., China remained the exception.
Instead, Beijing raised its own tariffs and deployed other economic measures in response while vowing to fight to the end.For example, China restricted exports of rare earth minerals and raised multiple cases against the U.S. at the World Trade Organisation.
China also made it clear that talks should involve the cancellation of all tariffs it currently faces. “The unilateral tariff increase measures were initiated by the United States.
“If the United States really wants to solve the problem, it should face up to the rational voices of the international community and all parties at home.
“It should completely cancel all unilateral tariff measures against China, and find ways to resolve differences through equal dialogue,” said the Commerce Ministry spokesman.
In spite of the economic measures leveled against China, Trump had earlier said that it would be “very nice” and not play hardball with Chinese President Xi Jinping. “We are going to live together very happily and ideally work together,” Trump said. #China Denies Tariff Talks with U.S.#
