Ministry of Commerce clarifies "three essentials" in China-U.S. trade talks
2019-06-03 16:58:24 [Print]
On 2 June, the State Council Information Office released a white paper on Chinese government's position in China-U
As the U.S . increased the additional tariff on Chinese commodities worth USD200 billion to 25% from 10%, the China-U . S . trade talks suffered an extraordinary setback . Soon afterwards, the U . S . began to impose additional tariffs on Chinese commodities worth another USD300 billion . By abusing national security exception, the U . S . carried out import restrictions on some Chinese enterprises, which is considered as the reason for escalation of the trade friction . According to one official, three essentials for negotiation are mutual respect, meeting each other halfway as well as equity and mutual benefit.
. S . trade talks and held a press conference in Beijing . Officials from Ministry of Commerce and the State Council Information Office introduced and interpreted the white paper and answered questions from reporters. As the U.S . increased the additional tariff on Chinese commodities worth USD200 billion to 25% from 10%, the China-U . S . trade talks suffered an extraordinary setback . Soon afterwards, the U . S . began to impose additional tariffs on Chinese commodities worth another USD300 billion . By abusing national security exception, the U . S . carried out import restrictions on some Chinese enterprises, which is considered as the reason for escalation of the trade friction . According to one official, three essentials for negotiation are mutual respect, meeting each other halfway as well as equity and mutual benefit.