Offbeat No trade talks unless US 'takes gun off' China's head: Beijing

20:22  12 july  2018
20:22  12 july  2018 Source:   msn.com

US-China tariffs: 'The first shots to the trade war are about to be fired'

  US-China tariffs: 'The first shots to the trade war are about to be fired' A trade war between the U.S. and China is about to start soon, and there will be probably be “escalation upon escalation,” warned Geoff Raby, Australia’s former ambassador to China. Ahead of the expected Friday implementation of American and Chinese tariffs, Raby told CNBC that “it looks like the first shots to the trade war are about to be fired.”China, for its part, was already calling the tariff threats between Beijing and Washington a "trade war" in June.“I thought that by now a negotiated solution would have been found,” he told CNBC’s Martin Soong, adding that it seems the U.S. has “walked away” from any potential deal.U.

But China has its own demands. Beijing wants the United States to relax restrictions on exports of high-tech commercial products that may have military applications. During the trade talks here this week, Chinese officials also took issue with the penalties that American officials imposed last month

Introduction: US delegation is in China for trade talks . Despite a lack of news surrounding the ongoing takes between the US and China , the various aggressions reported last night Unless US consumers start consuming less, that means opening up more Chinese markets to American imports.

China's deputy commerce minister Wang Shouwen, pictured in 2017, called the US a © Provided by AFP China's deputy commerce minister Wang Shouwen, pictured in 2017, called the US a "trade bully" The United States should "take the gun off" China's head and start keeping its word in order to have useful talks on ending a trade war, Beijing's deputy commerce minister said Thursday. 

Wang Shouwen, representing China during the country's policy review at the World Trade Organization this week, noted that the US "started the war" which has seen escalating threats to slap reciprocal tariffs on goods worth hundreds of billions of dollars.

"We have had talks and those talks produced good progress but this progress was ignored by one party and that party went ahead with a trade war," Wang told reporters in Geneva.

China fires back after Trump launches $34 billion trade war

  China fires back after Trump launches $34 billion trade war China’s foreign ministry said that tit-for-tat duties on U.S. goods took immediate effect Friday after Washington’s tariffs on $34 billion worth of Chinese goods kicked in at 12:01 a.m. ET.Load Error

US and China kick off talks to avoid a trade war. The US delegation, which includes Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, will meet Chinese officials at a state guesthouse in Beijing and plan to depart the Chinese capital on Friday evening, a

Were last week’ s US - China trade talks in Beijing a first step towards some kind of negotiated settlement, or were they a first formalisation of hostilities? LGBT-themed children’ s books taken off library shelves in Hong Kong.

Asked what conditions would be necessary for negotiations on easing the conflict, he said: "For any talk to be successful, one party needs to take the gun off the head of the other party.

"And for any talk to be useful, one party needs to be keeping its words. If one side keeps chopping and changing all the time the talk would be pointless," he added.

So far, the two powers have only imposed tariffs on $34 billion (29 billion euros) worth of each others goods.

But Washington on Tuesday threatened to target an additional $200 billion in imports and China immediately vowed to retaliate.

Senior members of President Donald Trump's Republican party have condemned the spiralling trade row and called for face-to-face talks with Beijing.

China urges U.S. to avoid actions that endanger peace in Taiwan Strait

  China urges U.S. to avoid actions that endanger peace in Taiwan Strait China on Monday urged the United States to avoid actions that endanger peace and stability in the Taiwan Strait after two U.S. warships sailed through the waters, a voyage likely seen in self-ruled Taiwan as a sign of Washington's support.U.S. officials said two destroyers carried out the passage over the weekend, calling the maneuver a "routine transit" through international waters.

China ’ s propaganda machine took a victory lap after the talks , proclaiming that a strong challenge from the United States had been turned In March and early April, Mr. Trump and his trade advisers threatened to impose tariffs unless Beijing agreed to curb long-term subsidies for high-tech industries.

“ We urge the United States to keep its promise, and meet China halfway in the spirit of the joint statement,” Chinese Foreign Ministry spokeswoman Hua Chunying told a daily news briefing, adding that China would take “resolute and Several U . S . officials arrived in Beijing on Wednesday for talks .

Wang called the US a "trade bully" and said Trump's conduct was "against the interest of the US businesses, the US consumers (and) US workers."

Among Washington's many grievances regarding Chinese trade are charges that the WTO treats China too kindly.

Trump's administration insists the 164-member body allows China to claim benefits that should be only reserved for the world's poorest nations and fails to punish its other misconduct.

On Wednesday, the US envoy to the WTO Dennis Shea said it was time for a "reckoning" over China's membership and that without sweeping reform the WTO will prove unable to contain China and ultimately become an irrelevant.

Wang countered on Thursday that China was open to WTO reform, but mocked Shea's "alarmist point of view."

"WTO is not perfect. There might be areas in which there is need for improvement, but I think the statement that says WTO (rules) are insufficient to deal with problems from China is a statement of exaggeration," Wang said.

"If there is need for improvement of the rules China is happy to discuss with all other WTO members."

U.S. Poised to Publish $200 Billion China Tariff List .
President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter. The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn’t public. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.Stock futures fell and yields on 10-year Treasuries declined on concern of a widening trade war.

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