China ‘evaluating’ US offer to talk tariffs; warns against ‘extortion’
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The image shows flags of China and the United States. —AFP/ File
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BEIJING: Beijing is “reviewing” US President Donald Trump’s 145 % of the revenue talks by Beijing Washington, the Chinese Ministry of Commerce said on Friday, though it has warned the United States not to be involved in “extortion and oppression”.
Washington and Beijing have been closed in the game of cat and mouse at prices, both sides have not been prepared to retreat in the trade war, which has intensified global markets and supply chains.
The Ministry of Commerce said that the United States has approached China to discuss Trump’s prices and was open to the Beijing gate, indicating potentially strengthening the trade war.
The statement came a day after a social media account affiliated with the Chinese state media, saying that Washington was trying to start the talks, and a week after Trump’s claim continues, which Beijing denied.
The statement said that “the United States has recently taken the initiative to deliver information to China through the relevant parties on several occasions, and said it expects to talk to China,” the statement said, adding that Beijing “is reviewing it”.
He said, “The attempt to use the excuse for engaging in oppression and extortion will not work.”
The Ministry of Commerce said that the United States should be prepared to take action to “correct the wrong methods” and to cancel unilateral taxes, the Ministry of Commerce added that Washington needs to show “sincerity” in the negotiations.
The punishment for US prices on many Chinese products responded to Levies to 125 percent of US goods imports in April, as Beijing called Trump’s tariff strategy “a joke”.
Analysts say that the launch of the Tittet Tot Tate to make the goods trade between the world’s two largest economies impossible is the beginning, with imported duty duties, with import duties, with import duties, with imported duties to eliminate Chinese exporters’ profit margins and make US products in China unusual.
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China has repeatedly denied that it was trying to negotiate with the United States on the way out of taxes, rather than Washington took the first step.
Trump’s decision to unite Beijing for heavy import duties has come on a particularly difficult time for China, which is struggling with defense due to slow economic growth and long property crisis.
Beijing has shown its anger at prices, which it says is a synonym for bullying and cannot stop the rise of the world’s second largest economy.
According to Reuters, in addition to taking advantage of its propaganda machine to leave the duties behind, China has quietly developed a list of US-made products that will be exempted from retaliatory 125 % of revenue-including selected pharmaceuticals, microachips and jet engines.
As a tension between the two sides, the Trump administration on Friday eliminated US duty -free access to low -cost delivery from China and Hong Kong, known as the “de Munimis” waiver.
On behalf of the US, officials, including the Treasury Secretary Scott Basant and the White House economic adviser Kevin Hoste, have expressed hope for progress in reducing trade tensions.
“I believe the Chinese would like to reach an agreement,” Basant said while interviewing the Fox Business Network this week. And as I said, this is about to become a multi -faceted process. First, we need to help it, and then … we will start focusing on a major trade deal. “
Trump said on Wednesday that he believes his administration could agree with China, a few hours after Chinese President Xi Jinping demanded personnel to adjust the changes in the international environment without clearly mentioning the United States.
