China Says Criticism of Xi Reveals 'Ignorance and Haughtiness' of the US

Saul Bowman
March 27, 2018

"When they charge 25% for a vehicle to go in, and we charge 2% for their auto to come into the United States, that's not good", he said.

White House trade adviser Peter Navarro confirmed that President Donald Trump asked Mnuchin and Lighthizer to try to resolve trade differences with China.

Liu told Mnuchin in their phone conversation that Washington's recent trade offensive against China would hurt both countries and the world, the official Xinhua News Agency reported, and he expressed hope that the two sides can work together to "maintain the overall stability of their economic and trade relations".

Meanwhile, The Dow surged 669 points its third-biggest point gain in history and had its best day in two and a half years.

China accused the United States of arrogance yesterday after the U.S. delegation rejected a UN Human Rights Council resolution brought by Beijing that it said sought to glorify Chinese President Xi Jinping's "win-win" agenda.

Montana is dependent on foreign trade and right now that trade is very uncertain.

The Wall Street Journal reported that the Trump Administration had told Liu it wants China to cut tariffs on American cars, greater access to the Chinese finance sector, and for China to buy more USA semiconductors. "These are all the things we want to do".

We are working on that.

China and the United States have begun behind-the-scenes negotiations to improve American access to the Chinese domestic market, the Wall Street Journal said on Sunday.

The United States and China are acting tough over trade, but they're also busy talking to try to stop the situation spiraling out of control. The China's WTO representative told that Beijing is ready for this USA measure and will appeal to the WTO.

According to experts, the burden of tariffs focuses more on politics now, because it is the reward to USA products from such industries as iron and steel, which operate in the central-northern part of the United States and supported Trump in the 2016 elections.

His move to tamp down talk of trade war signaled that President Trump's tough measures targeting China's unfair trade practices, including tariffs on high-tech exports to the US, were having an impact.

On Friday, China responded to the U.S. tariffs on steel and aluminum by declaring plans to levy additional duties on up to US$3 billion of United States imports, including fruit, nuts and wine.

He has said he also wants a $100 billion decrease in the USA trade deficit with China. And, we shouldn't stay put watching someone wrecking the boat.

China can increase the regulatory burden on U.S companies through new inspections and rules; ban travel; stop providing export licenses of key intermediate goods; raise the tax burden on US multinationals in China; or block USA companies from the government procurement market, he said.

The trade protectionist policies adopted by Washington have severely violated basic trade rules built by the global community in the past several decades, and were also ruining the worldwide image and status of the world's biggest economy. China's Commerce Ministry accused the USA of "setting a vile precedent", and rolled out penalties against $3bn in USA goods including fruit, pork, recycled aluminium and steel pipes. China also is the largest foreign owner of US Treasuries, meaning the Asian country has much more leverage on the US than the government would care to admit.

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