Commerce Secretary Wilbur Ross in Beijing

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Feature Article by Stephen Lendman
Commerce Secretary Wilbur Ross in Beijing

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)

Sino/US trade disputes remain far from resolved. Trade war neither country wants remains a possibility, assuring losers, not winners if launched by Trump.

A US delegation headed by Wilbur Ross is in Beijing, meeting with their counterparts led by Vice Premier Liu He, China's state-run Xinhua news agency saying:

"The achievements reached by both China and the US should be based on the premise that the two sides are coming from opposite directions and will not fight a trade war," adding:

"If the United States introduces trade sanctions, including levying additional tariffs (on Chinese products), all the economic and trade agreements reached by both sides will not go into effect."

Talks are focusing on narrowing China's large trade surplus with America – a record $375 billion last year. 

Economist Micha
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