China warns US trade deals off if tariffs go ahead
Source: Associated Press
By JOE McDONALD
30 minutes ago
BEIJING (AP) China warned Sunday after another round of talks on a sprawling trade dispute with Washington that any deals they produce will not take effect if President Donald Trumps threatened tariff hike on Chinese goods goes ahead.
The warning came after delegations led by U.S. Commerce Secretary Wilbur Ross and Chinas top economic official, Vice Premier Liu He, wrapped up a meeting on Beijings pledge to narrow its trade surplus. Ross said at the start of the event they had discussed specific American exports China might purchase, but the talks ended with no joint statement and neither side released details.
The White House threw the meetings status into doubt Tuesday by renewing a threat to impose 25 percent tariffs on $50 billion of Chinese high-tech goods in response to complaints Beijing steals or pressures foreign companies to hand over technology. The event went ahead despite that but Beijing said it reserved the right to retaliate. Tuesdays announcement revived fears the conflict between the two biggest economies might dampen global growth or encourage other governments to raise their own barriers to imports.
If the United States introduces trade sanctions including a tariff increase, all the economic and trade achievements negotiated by the two parties will not take effect, said the Chinese statement, carried by the official Xinhua News Agency.
Read more: https://www.apnews.com/eb0aca1bf7484e95b25a57f6639b35ef/China-warns-US-trade-deals-off-if-tariffs-go-ahead
ProudMNDemocrat
(16,786 posts)And Trump voters will feel it in their pocket books when they go to buy a car, groceries, stuff at Walmart, etc. From Washers and Dryers, clothes, kitchen appliances, medicines, etc.
We ALL will feel it and pay for it. While Trump and family POCKET the profits off their awful and disastrous trade follies.