US. Finance Minister Steven Mnuchin goes to work breakfast at the G7 summit in Biarritz, France, on 25 August 2019.
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SAINT-JEAN-DE-LUZ, France – US Treasury Secretary Steven Mnuchin has doubled the recent whack of the White House in the US-China trade war and called on Beijing for unfair trading practices.
"We have no free trade with them," Mnuchin said on Sunday on the sidelines of the G7 meeting in France. "It's a one-way street: you have free access to our markets, our investments, our businesses, and we do not have the same there, and that's the only reason we're in this situation with China, if China agreed to a trade show." and balanced relationship, we would sign that deal in a second, "he added.
" Sometimes you have to take tough measures, "White House economic adviser Larry Kudlow said next to Mnuchin, adding that American companies are giving the deal Call of the President to leave China should follow.
"Come home to America, we have the best tax system, we have the best regulatory system, it is an easy place to earn the best technology in the world , Come home. That's what the president says. "Kudlow said.
Before US President Donald Trump set out on the G-7, he said he would eliminate existing tariffs on Chinese products worth $ 250 billion from 25% on October 1
At the G-7, Trump said he could stop the escalating trade war between the US and US on Sunday China as a national will declare an emergency if he wanted.
"In many ways, this is an emergency," Trump said of the continuing trade struggle. "I could declare a national emergency if it ranges anywhere between $ 300 and $ 500 billion Steal and steal intellectual property, and if we have been losing nearly a trillion dollars a year for many years, "Trump said, adding that he has no plan to challenge a national emergency
US President Donald Trump attends a bilateral meeting with British Prime Minister Boris Johnson during the G7 Summit on 25 August 2019 in Biarritz, France.
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The trade war between the two largest economies in the world intensified over the weekend, sending lower US equity futures and equities to Asia.
Meanwhile, Trump dismissed concerns that G-7 leaders and other US allies would pressure him to end the trade war with China.
"I think they respect the trade war, it has to happen China was, well, I can only speak for the United States, I can not say what they are doing with Britain and other places, but from the point of view of what It is outrageous that presidents and administrations have allowed them to extract hundreds of billions of dollars a year and bring them to China, "Trump said during a bilateral meeting with British Prime Minister Boris Johnson.
"Our country is doing really well, we had terrible trade deals and I'm straightening them, by far the biggest is China," he added.