On Sunday, Beijing — China adopted a clear official position on trade with the United States and issued a white paper showing a growing gap between the two sides.
The paper argues that trade disruption-which the document claims were launched by the United States-negatively affect the world. She claims that the United States is an unreliable negotiator, and that the Chinese government wants to conversations that are equal, mutually beneficial and trustworthy.
The US media reported that Beijing had in principle withdrawn from all negotiating points during the talks with the US a few weeks ago.
At a press conference on Sunday, Vice Trade Minister Wang Shouwen said that last month’s US actions were the main reason for the lack of progress in the negotiations.
Earlier this month, U.S. President Donald Trump announced that tariffs for Chinese goods worth $ 200 billion would rise from 10% to 25%. The US has also begun to investigate whether $ 300 billion of other Chinese goods could be subject to customs duties. Finally, the US has put the Chinese telecom giant Huawei on a list that essentially prevents him from doing business with US companies.
Wang did not want to confirm at a Sunday press conference whether Trump and Chinese President Xi Jinping would meet at the G20 meeting at the end of June. Wang only said that China will send representatives to the upcoming meetings in Japan.
On Friday, China’s Ministry of trade announced that it would create a list of “unreliable units”. The state news Agency Xinhua later reported that China was investigating FedEx From Memphis, Tennessee. CNBC confirmed that the shipping giant has diverted packets for Huawei addresses in Asia.
Wang did not want to explain details about the list of unreliable entities or their implementation, and said that such details would be disclosed later.
Wang said on Sunday that all foreign companies who act against Chinese law, are subject to Chinese tests, according to a CNBC-translation of his Mandarin-language comments.
“Nothing is agreed until everything is agreed,” said Wang in the English language, used by officials in talks between the United Kingdom and the European Union the Brexit. He added that both sides had to take a step back and argued that the countries should follow the direction agreed at the meeting of Trump and Xi at the end of last year in Argentina.
The White house declared that the United States would not have agreed to increase the tariffs, if a deal with China will be reached via his most serious complaints, including China’s practice of forcing foreign companies to surrender their technology in exchange for access to the Chinese domestic market — so-called forced technology transfers.
In March, China adopted a foreign investment law aimed at improving the protection of intellectual property and preventing forced technology transfer. The law is scheduled to enter into force next year. Beijing says it has taken steps to allow more foreign access to its financial and automotive industries.
Especially since the last round of U.S. tariffs, however, Chinese officials have more voice in the statement, they believe that America’s main motive is to prevent China, stronger.
More and more officials in Beijing are talking about a decade-long dispute.