On Sunday, China released a comprehensive white paper to formalize its positions on trade negotiations with the U. S. The set of statements come as the trade war escalates and Beijing threatens to hit back with a retaliatory blacklist of U. S. firms. Here are some key takeaways from the press conference announcing the white paper: U. S. […]
On Sunday, China released a comprehensive white paper to formalize its positions on trade negotiations with the U. S. The set of statements come as the trade war escalates and Beijing threatens to hit back with a retaliatory blacklist of U. S. firms. Here are some key takeaways from the press conference announcing the white paper:
The “U. S. government bears responsibility” for setbacks in trade talks, chided the paper, adding that the U. S. has imposed additional tariffs on Chinese goods that impede economic cooperation between the two countries and globally.
While it’s “common” for both sides to propose “adjustments to the text and language” in ongoing negotiations, the U. S. administration “kept changing its demands” in the “previous more than ten rounds of negotiations,” the paper alleged.
On the other hand, reports of China backtracking on previous trade deals are mere “mudslinging,” Wang Shouwen, the Chinese vice minister of commerce and deputy China international trade representative, said as he led the Sunday presser.
