Sino/US Trade War: Both Sides Want Resolution

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Feature Article by Stephen Lendman
Sino/US Trade War: Both Sides Want Resolution

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

Major bilateral differences are over structural issues, the US trade deficit with China a minor one by comparison.

Committee of the Chinese People's Political Consultative Conference vice chairman Zhang Qingli said "China never wants a trade war with anybody…but we also do not fear such a war," adding:

"The US side has disregarded a consensus with China after multiple rounds of consultations, insisting on waging a trade war against China, (threatening) to escalate it" if its demands aren't met.

Multiple rounds of talks failed to resolve all major issues. According to economists and political analysts, bilateral trade differences are harming investment in both countries.

A Rhodium Group/Mercator Institute for China Studies report said investments by Chinese firms in EU countries declined by 40% last ye
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