The US "New York Times" reported that "The United States and China are obviously at a stalemate. This will cause the Trump administration to face the issue of how to deal with China's industrial policy. This stalemate also left a difficult issue between the two countries unresolved. This is China's ZTE Corporation, a telecommunications equipment manufacturing company. Previously, ZTE had been sanctioned by the United States for violating the law of sanctions against North Korea and Iran and selling products containing American parts to these two countries.
'This time, President Trump’s negotiator sent to Beijing is basically an export promotion team led by Secretary of Commerce Ross, which includes senior officials from the Ministry of Finance and the Ministry of Agriculture. Obviously, the US negotiating team There were no senior officials from the Office of the U.S. Trade Representative. The U.S. trade representative’s office previously threatened to impose 25 tariffs on China’s US$50 billion in product prices each year. In addition, it annually added 30 billion U.S. dollars worth of steel and aluminum products from China. tariff.
'In addition to tariff disputes, Chinese officials also expressed deep concern about ZTE. ZTE is a telecommunications product manufacturing company with 70,000 employees. Last month, the U.S. government, an obscure department of industry and security, ordered U.S. companies in the future. The company stopped selling key chips and software to ZTE. This ban basically interrupted the operation of ZTE.
'The official Chinese media scolded the reason that the United States prohibited US companies from selling chips and software to ZTE, that is, ZTE's ties with North Korea and Iran. For Chinese authorities, the company's relations with North Korea are particularly politically flawed. Beijing claimed that China has fulfilled the international community’s sanctions against North Korea, leading to the upcoming summit of US President Trump and North Korean leader Kim Jong Un.
The Associated Press reported: 'After another round of negotiations on trade disputes with Washington, China warned that if U.S. President Trump says it is done and raises tariffs on Chinese goods, any transaction will not Effective '.
'Before the start of the talks, Ross said that after a U.S. Secretary of Commerce, Ross, and a high-ranking official in charge of China’s economy, led by Deputy Prime Minister Liu He, completed a negotiation in Beijing about Beijing’s promise to narrow its trade surplus with the United States. They discussed specific U.S. export products that China may have purchased. However, the latest round of talks between the two parties ended without a joint statement and the two parties did not provide details.
On Tuesday, the White House put the latest round of negotiations into an uncertain state. The White House threatened to impose a 25% tariff on China’s US$50 billion high-tech products in response to Beijing’s complaint of theft or forcing foreign companies to surrender technology. So, the U.S. and China still conducted this round of negotiations. But Beijing said that it reserves the right to retaliate.'
The Reuters report said that 'while the representatives of the two countries concluded their latest round of talks in Beijing, China warned the United States on Sunday that if Washington imposes tariffs and other trade measures on China, the two countries have previously engaged in trade and commerce. Any agreement will be invalid.
After the meeting between US Commerce Secretary Ross and Chinese Deputy Prime Minister Liu Thu, the official Xinhua News Agency of China issued a brief statement, citing no mention of any specific new agreement between the parties.
The Xinhua News Agency’s short message mentioned a consensus reached by both parties in Washington last month. At that time, China agreed to significantly increase the purchase of US products and services.
'The U.S. delegation or Rose himself did not immediately comment or make a statement. After the negotiations held in Washington last month, both parties issued a joint statement.'
CNN CNN reported on Sunday: 'China said on Sunday that President Trump is threatening to impose tariffs on China’s $50 billion in exports. This plan may eliminate progress in the trade negotiations between Beijing and Washington.'
A U.S. delegation headed by Secretary of Commerce Ross held talks with Chinese negotiators on Saturday and Sunday in Beijing. The official Xinhua News Agency broadcast a statement from the Chinese government saying that these talks had achieved 'positive and concrete' development.
'But this statement did not provide details on the negotiations, but the statement made it clear that if China's export products are subject to tariff increases, China will not fulfill its commitment to purchase more US products.'
On the other hand, Taro Taro, Japan’s finance minister, who participated in the G7 meeting of western industrialized democracies in Western Canada, met with reporters after the meeting of the finance ministers and central bank governors there closed to criticize China’s trade policy. 'China ignores the rules by itself.'
Aso noted that participating countries recognize China’s action against free trade and it is therefore necessary to promote the coordination of the G7 and defend international rules. He further stated that the U.S. violates the rules of the World Trade Organization and imposes restrictions on imports and damages the G-7. The unity, this is a measure favorable to China that despises the rules. '