US Using False Accusations On Trade To "Intimidate" Countries: China

Aaron Brown
September 24, 2018

The Trump administration has "has brazenly preached unilateralism, protectionism and economic hegemony, making false accusations against many countries and regions, particularly China, intimidating other countries through economic measures such as imposing tariffs, and attempting to impose its own interests on China through extreme pressure", the official Xinhua News Agency said.

"We are going to win it", Trump's Secretary of State Mike Pompeo said of the trade war on "Fox News Sunday".

Earlier this week, the U.S. slapped an additional 10 per cent import duties on $200 billion worth of Chinese products, warning Beijing of fresh taxes on another $267 billion in Chinese imports.

The targeted Chinese imports will face 10 percent tariffs through the end of the year, and then the rate will jump to 25 percent.

Chinese officials canceled the planned negotiations after Trump announced he would impose new levies of up to 10 per cent on another $200 billion in Chinese imports, effective Monday.

The pair of powerhouse economies have already implemented tariffs on $50 billion worth of one another's exports. No date has been set for a new round of talks on the trade conflict.

After accusing the U.S. of launching the "largest trade war in economic history", analysts worry Beijing could shift to threatened "qualitative" retaliatory measures, such as damaging United States firms in China or restricting the export of crucial items.

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Despite the ballooning trade deficit, there are bigger issues at stake for the U.S., such as containing China's rise as it moves towards economic superpower status through its "Made in China 2025" policy and the $1 trillion Belt and Road Initiative.

Ironically, the document was unveiled during the Mid-Autumn Festival period, a major holiday in China. American officials say Chinese plans for state-led development of global competitors in robotics and other technologies violate its market-opening obligations and might erode US industrial leadership.

This week the United States sanctioned a Chinese military procurement organization, drawing a sharp protest from Beijing and a decision to postpone planned military talks.

"With generic polls favouring the Democrats, they may feel that the trade environment will be less hostile after November 6".

Trump earlier this month accused China of targeting rural voters who support his presidency by hitting agricultural goods.

China has pulled out of trade talks with the United States in response and attacked the Trump administration's "trade bullyism" in a white paper. Business groups say American companies also report Chinese regulators are starting to disrupt their operations through slower customs clearance and more environmental and other inspections.

Other reports by Free-Prsite

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