- China has warned that any deals they produce might “not take effect”
- The warning came after U.S. Commerce Secretary Wilbur Ross and China’s top economic official, Vice Premier Liu He, concluded talks with Beijing’s pledge to narrow its trade surplus.
Just as Trump sparks up increased trade tensions, the Official State press Xinhua over the weekend was warning that the agreements reached between the US and China, trade and business will be void if the US implements tariffs and other trade measures.
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Tuesday’s announcements by the Trump administration where they threatened to impose 25 percent tariffs on $50 billion of Chinese high-tech goods in response to complaints Beijing steals or pressures foreign companies to hand over technology has revived fears of a trade war conflict between the two biggest economies.
The warning came despite delegations led by U.S. Commerce Secretary Wilbur Ross and China’s top economic official, Vice Premier Liu He, meeting on Beijing’s pledge to narrow its trade surplus. However, the meetings concluded without a joint statement while neither side released details thereafter.
“If the United States introduces trade sanctions including a tariff increase, all the economic and trade achievements negotiated by the two parties will not take effect,”
said the Chinese statement, carried by the official Xinhua News Agency.
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