China struck a more aggressive tone in its trade war with the United States on F...
WASHINGTON/BEIJING - China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course.
The United States raised Beijing’s ire this week when it announced it was putting Huawei Technologies Co Ltd, the world’s biggest telecoms equipment maker, on a blacklist that could make it extremely hard to do business with U.S. companies. U.S. President Donald Trump, who has embraced protectionism as part of an “America First” agenda aimed at rebalancing global trade, has accused China of backing out of a deal earlier this month that would have ended the 10-month dispute.
The U.S. president also continues to dangle the possibility of imposing tariffs of up to 25% on imported cars and parts, a move that could be devastating for a number of its trading partners, including Japan and Germany.
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