China on Thursday vowed to counter the latest U.S. tariffs on US$300 billion of Chinese goods but called on the United States to meet it halfway ...
BEIJING/WASHINGTON: China on Thursday vowed to counter the latest U.S. tariffs on US$300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal, as U.S. President Donald Trump said any pact would have to be on America's terms.
China hopes to find mutually acceptable solutions through dialogue and consultation on the basis of equality and mutual respect, she added. "China, frankly, would love to make a deal, and it's got to be a deal on proper terms. It's got to be a deal, frankly, on our terms. Otherwise, what's the purpose?" Trump said in an interview on New Hampshire radio station WGIR.The trade picture is further complicated by continuing unrest in Hong Kong, which Trump on Wednesday tied to any possible agreement, saying Xi must first work out the situation in the territory with protesters.
Trump and Xi in June had agreed to restart trade talks after negotiations stalled earlier this year. But earlier this month, the Trump administration said it would slap duties beginning Sept. 1 on US$300 billion of Chinese goods, which would effectively cover all of China's exports to the United States.
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