男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / China US trade tensions

FM: Tariff threats are sure to fail

By ZHANG YUNBI in Singapore and ZHAO HUANXIN in Washington | China Daily | Updated: 2018-08-03 02:12
Share
Share - WeChat
State Councilor and Foreign Minister Wang Yi speaks to reporters at the ASEAN Foreign Ministers' Meeting in Singapore on Thursday. [Photo / Agencies]

Wang Yi says Washington's actions won't eliminate its trade imbalance

The United States will not only fail to reach its goal but will also reap what it has sown, State Councilor and Foreign Minister Wang Yi said on Thursday in response to Washington's latest threat to ratchet up trade tensions with Beijing.

The US "still cannot eliminate what it claims as its trade imbalance" if it reduces imports from China and raises them from other countries, Wang said at a news conference on the sidelines of the annual the Association of Southeast Asian Nations Foreign Ministers' Meeting and related meetings in Singapore.

US President Donald Trump has directed US Trade Representative Robert Lighthizer to consider increasing the proposed additional duty on $200 billion worth of Chinese imports from 10 percent to 25 percent, Lighthizer's office said in a statement on Wednesday.

In a conference call on Wednesday, two Trump administration officials told reporters that Trump remains open to communication with China.

The Ministry of Commerce responded on Thursday that "China has made sufficient preparations" for the US tariff threat, and it will have to take countermeasures to defend the country's dignity and the interests of its people.

China upholds dialogue for resolving differences, but treating each other on equal footing and honoring promises are prerequisites for dialogue, the ministry said in a statement.

Wang Yi noted that Washington is encouraging the return of production lines to the US while China's domestic demand is rising.

"We are willing to import more goods from all over the world that meet the needs of the Chinese market. I think these US enterprises will not give up China's increasingly expanding market," Wang said.

In response to speculation that Sino-US trade frictions may affect cooperation between Beijing and Washington on the Korean Peninsula nuclear issue, Wang said China is a country that honors its responsibilities, and it stays true to principles, not trading one for another.

"We state our position based on the right and wrong of each case. Of course, we adhere to international justice and basic norms of international relations," Wang added.

Lighthizer said on Wednesday that Trump directed the higher, 25 percent tariff because China has refused to meet US demands and has imposed retaliatory tariffs.

He said that a public comment period for the $200 billion list would be extended to Sept 5 from Aug 30 due to the possible increase. Products to be targeted range from electrical machinery to leather goods to seafood.

The tariff increase proposed on Wednesday is two and half times the amount originally proposed, making it the same as the tariffs the US already imposed on $34 billion in Chinese goods and on another $16 billion in coming weeks.

Gary Hufbauer, a nonresident senior fellow of the Peterson Institute for International Economics and a former deputy assistant secretary of the US Treasury, said the impact of the escalating tension is "highly adverse".

"This will badly shake business confidence, and firms will delay their investment projects. The world economy will suffer," he told China Daily.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for International Peace, also said the impact of jacking up the tariff rate will be negative economically, raising costs in every direction and possibly leading to a "wrenching and costly" delinking of the US and Chinese economies if not restrained.

Contact the writers at zhangyunbi@chinadaily.com.cn

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 清徐县| 班戈县| 肇庆市| 革吉县| 金昌市| 营口市| 昆明市| 枝江市| 舞钢市| 咸阳市| 星座| 百色市| 三穗县| 黔江区| 广南县| 邵阳县| 松滋市| 全州县| 东兰县| 夏津县| 淳安县| 饶平县| 蒲江县| 芜湖县| 民权县| 磐安县| 无极县| 牟定县| 衡南县| 北宁市| 环江| 涞水县| 泾源县| 武威市| 桐柏县| 汪清县| 贵南县| 会同县| 呼伦贝尔市| 潜江市| 娄烦县|