China says U.S. putting 'knife to its neck', hard to proceed on trade
Source: Reuters
SEPTEMBER 24, 2018 / 11:06 PM / UPDATED 3 HOURS AGO
Yawen Chen, Ben Blanchard
6 MIN READ
BEIJING (Reuters) - A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting a knife to Chinas neck, a day after both sides heaped fresh tariffs on each others goods.
When the talks can restart would depend on the will of the United States, Vice Commerce Minister Wang Shouwen said at a news conference in Beijing.
U.S. tariffs on $200 billion worth of Chinese goods and retaliatory taxes by Beijing on $60 billion worth of U.S. products including liquefied natural gas (LNG) kicked in on Monday, unnerving global financial markets.
Now that the United States has adopted such a huge trade restriction measure ... how can the negotiations proceed? Its not an equal negotiation, Wang said, stressing the United States has abandoned its mutual understanding with China.
Read more: https://www.reuters.com/article/us-usa-trade-china-talks/china-says-u-s-putting-knife-to-its-neck-hard-to-proceed-on-trade-idUSKCN1M509S
Rizen
(709 posts)Farmers and factory workers. I hope they reflect discontent by voting blue in the mid terms. No one informed could possibly have thought Trump would be a good businessman. It goes to show how little the average American uses their brain when it comes to (not) voting.
NewJeffCT
(56,828 posts)but, the farmers are getting $12 billion in hush money from Trump starting right about now - just in time for elections
BumRushDaShow
(129,157 posts)nor the retailers who rely on those "Made in China" cheap goods (see all the "Dollar" stores that have replaced Walmart in many locations, that rely on these things for their business model).
(eventually the chickens will come home to roost but with this crowd, when they do so, they will go whimpering off into their coops and you won't hear a peep)
NewJeffCT
(56,828 posts)are imported by US corporations - Wal-Mart, Target, Dollar stores, etc
BumRushDaShow
(129,157 posts)Cryptoad
(8,254 posts)"losing Face", much less its meaning to people of Honor!