China’s leader Xi Jinping and U. S. Vice President Mike Pence traded barbs in speeches to a summit of world leaders Saturday, outlining competing visions for global leadership as trade and other tensions between them simmer. Pence said there would be no letup in President Donald Trump’s policy
China’s leader Xi Jinping and U. S. Vice President Mike Pence traded barbs in speeches to a summit of world leaders Saturday, outlining competing visions for global leadership as trade and other tensions between them simmer.
Pence said there would be no letup in President Donald Trump’s policy of combating China’s mercantilist trade policy and intellectual property theft that has erupted into a tit-for-tat tariff war between the two world powers this year.
The U. S. has imposed additional tariffs on $250 billion of Chinese goods and China has retaliated. Pence reiterated Trump administration threats to more than double the penalties.
« The United States will not change course until China changes course, » he said, accusing Beijing of intellectual property theft, unprecedented subsidies for state businesses and « tremendous » barriers to foreign companies entering its giant market.
He harshly criticized China’s global infrastructure drive, known as the « Belt and Road Initiative, » calling many of the projects low quality and saddling developing countries with loans they can’t afford.
The U. S., a democracy, is a better partner than authoritarian China, he said.
« Know that the United States offers a better option. We don’t drown our partners in a sea of debt, we don’t coerce, compromise your independence, » Pence said.
