President Trump: Too early to resume trade talks with China
Mr. Trump said that imposing punitive tariffs on China was necessary in the process of trade negotiations with other countries, including South Korea, Japan, Mexico and Canada.
US President Donald Trump said it was "too early" to resume trade talks with China, as relations between the two countries are at their worst in years due to the trade war.South China Morning Postreport
"China wants to make a deal very much," Trump said on October 1, after the White House announced that the United States and Canada had reached an agreement on the trilateral North American Free Trade Agreement (NAFTA) with Mexico. "But I have to say, it's too early to do it. (We) can't do it because they're not ready."
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| US President Donald Trump speaks at the White House on October 1. Photo: Reuters |
However, it was Beijing that most recently turned its back on the invitation to resume trade talks.
On September 25, one day after the US officially imposed a 10% tax on200 billion USDRegarding imports from China, Vice Minister of Commerce Wang Shouwen said Beijing cannot negotiate with Washington with a "knife at its neck".
President Trump did not comment on the accusations, instead saying that imposing punitive tariffs on China was necessary in trade negotiations with other countries, including South Korea, Japan, Mexico and Canada.
"We wouldn't be here without tariffs," the US president said. He has previously said tariffs are "the greatest thing ever" and that America was built on them.
Washington is imposing a 25% tariff on goods worth50 billion USDfrom China and 10% tax on goods worth200 billion USD. If by January 1, 2019, China does not make any concessions,200 billion USDImported goods will be taxed at 25%.
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| US Treasury Secretary Steven Mnuchin visited China for talks on reducing trade imbalances in May. Photo:South China Morning Post. |
"The US may impose additional tariffs on267 billion USD"Chinese goods," President Trump said. Washington's heavy punitive tariffs have not been able to make Beijing change its attitude on many issues that the US is not satisfied with, for example, the violation of intellectual property rights.
On the contrary, Mr. Trump's harshness has made China suspect that the US is deliberately prolonging the trade war to prevent China's economic and technological development. This argument often appears on the Internet.People's Daily, the mouthpiece of the Communist Party of China.
Washington and Beijing were preparing to resume trade talks after a high-level round of talks between US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He in May, until the Trump administration announced a 10% tariff on200 billion USDimported goods from china
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