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Home / World / According to China, trade talks can only continue if the US takes action

According to China, trade talks can only continue if the US takes action



Chinese President Xi Jinping and members of the Chinese delegation attend a working lunch with US President Donald Trump after the G20 summit in Buenos Aires, Argentina on December 1, 2018.

Kevin Lemarque | Reuters

Recent US trade measures are preventing progress on negotiations with Beijing, the Chinese Ministry of Commerce said on Thursday.

"If the US wants to continue negotiating, they should sincerely correct their wrongdoing and only then can the talks continue," Commerce Department spokesman Gao Feng said Thursday in Mandarin, according to a CNBC translation.

We do not mention specific US measures, but there were a few tense weeks between the two largest economies in the world. President Donald Trump unexpectedly announced earlier this month that US $ 200 billion in tariffs on Chinese goods would rise from 1

0% to 25% on 10 May. In the past two weeks, its government has also blacklisted Chinese telecommunications giant Huawei, which prevents it from buying US companies without US government permission.

Google said it would shorten its relationship with Huawei on Sunday to comply with the order. But after the US temporarily eased some of the telecommunications and smartphone trading restrictions, Google announced Tuesday that it plans to work with Huawei in the next 90 days.

"US action against Chinese companies not only damages normal commercial cooperation between the two countries, but also poses a major threat to the security of the global industry and supply chain," said Gao. "China is strongly against it and we will keep a watchful eye on developments and make appropriate preparations."

Steven Mnuchin, US Treasury Secretary, told CNBC Ylan Mui on Wednesday that a trip to Beijing is not planned. Trump said he plans to meet Chinese President Xi Jinping at the G20 meeting in Japan in late June.

When asked if Xi would meet Trump then, Gao told reporters to the State Department.

Almost three-quarters of respondents to a joint survey of US chambers of commerce in Shanghai and Beijing said that the recent round of US tariffs and planned tariffs from China are having a negative impact on their business. Some respondents also noted increased control by customs and other bureaucratic challenges.

Gao said on Thursday that all foreign companies in China are protected by the Chinese government. Regarding the issues that some foreign companies have raised, he said that China is working to address them and improve the business environment.


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