US move has 'poisoned' the atmosphere


Mr Trump's latest escalation of tariffs on China comes after several rounds of talks yielded no progress.
US Treasury Secretary Steven Mnuchin last week invited top Chinese officials to fresh discussions, but thus far nothing has been scheduled.
"We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly," Mr Trump said in a statement.
"But, so far, China has been unwilling to change its practices."
Mr Fang told the Tianjin forum that he hopes the two sides can sit down and talk, but added that the latest US move has "poisoned" the atmosphere.
So far, China has either imposed or proposed tariffs on $110 billion of US goods, representing most of its imports of American products.
"Tensions in the global economic system have manifested themselves in the US-China trade war, which is now seriously disrupting global supply chains," the European Union Chamber of Commerce in China said in a statement on Tuesday.
China's yuan currency slipped against the dollar on Tuesday after news of the US measures. It has weakened by about 6.0 percent since mid June, offsetting the 10 per cent tariff rate by a considerable
US move has 'poisoned' the atmosphere US move has 'poisoned' the atmosphere Reviewed by NASO on 07:51 Rating: 5

No comments:


Powered by Blogger.