China blaming the United States for a trade dispute
China fired back at the U.S. Sunday over
the two nations' trade dispute, issuing a report that blamed the conflict on
the Trump administration but refrained from escalating the trade war.
The report said China has kept its word
throughout 11 rounds of talks and will honour 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”
The report, delivered at a Sunday morning
news conference, appears to be a bid to shore up China's arguments and justify
its position in the face of what looks to be a protracted dispute.
The U.S. has accused China of stealing
trade secrets and forced technology transfers. The Trump administration has
imposed 25% tariffs on $250 billion in Chinese imports and is planning to tax
the $300 billion in imports that have so far been spared. It also escalated the
stakes this month by putting Chinese telecom giant Huawei on a blacklist that
effectively bars U.S. companies from supplying it with computer chips, software
and other components without government approval.
Beijing responded by imposing tariffs on
$60 billion worth of U.S. products, which went into effect Saturday. It also
retaliated against the U.S. blacklisting of Huawei by announcing Friday that it
will establish its own list of "unreliable entities" consisting of
foreign businesses, corporations and individuals.
(Source
Yahoo.com)
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