Commercial conflict: China warns of the disadvantageous agreement in the US customs dispute

Beijing has warned other countries in the customs dispute with the USA about a Washington, which is disadvantaged by China. The People’s Republic respects that all sides solved their economic and trade policy differences with the United States through consultations, the Ministry of Commerce in Beijing said. However, China is strictly against it when a party achieves an agreement at the expense of China’s interests. “Under no circumstances, China will accept this and take countermeasures to the same extent,” it said.

According to the announcement, the authority said in connection with media reports that the US government under President Donald Trump is trying to move other countries to restrict the trade with China in exchange for exceptional regulations from the US tariffs. Beijing compared the behavior of the United States after a Chinese saying to ask for a tiger for his fur – that is, ask someone to do a thing against its interests.

Reports on insulation attempt

The “Wall Street Journal” reported about last week that the US government was planning to persuade more than 70 trading partners not to have any goods from China sent by their countries. People familiar with the conversations, Washington wants to loosen trade restrictions against the corresponding countries. The aim is to isolate China.

Trump had escalated the trade conflict at the beginning of the month by the collection of tariffs against numerous countries. In the meantime, he ordered a 90-day break of the serves. Special tariffs of up to 145 percent still apply only against China. Beijing fought back and raised 125 percent tariffs on goods from the USA.

As the Chinese Ministry of Commerce further announced, Beijing is ready to strengthen coordination with all countries and to oppose one -sided harassment together. China’s President Xi Jinping also traveled to Vietnam, Malaysia and Cambodia last week, where he campaigned for economic cooperation.