China-US Trade: Chinese Commerce Ministry critical of tariff threat by Washington
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We start with China-US trade tensions. The Chinese Ministry of Commerce has accused the US of running against the recent consensus reached by the two countries during trade talks in Washington. The ministry's remarks came soon after a White House statement on Tuesday renewed the US' threat to place tariffs of 25% on 50 billion US dollars worth of Chinese goods.
China's Commerce Ministry said it's surprised by the White House statement, but it's also within expectations. The ministry said no matter what measures the US will take, China is confident and capable of defending its national interests, and Washington should act in accordance with their joint statement.
In the joint statement issued during trade talks, the two sides pledged no trade war and agreed to take measures to reduce the US trade deficit in goods. China also agreed to significantly increase purchases of US goods and services. They also attached great importance to protecting intellectual property rights. Both sides would also encourage two-way investment, and create a business environment for fair competition. Our White House correspondent Nathan King reports.
NATHAN KING WASHINGTON "What difference will make? The big question is why now has the US decided to up the pressure, is it a negotiating tactic? It's on, it's off, its back on, it's back off, we see the same thing on track. Nathan King, CGTN, at the White House."