Beijing has called on the US to “completely cancel all unilateral tariff measures” if it wants trade talks, in some of China’s strongest comments yet on the impasse between the world’s two economic superpowers.
“The unilateral tariff measures were initiated by the US,” said He Yadong, a Chinese commerce ministry spokesperson. “If the US truly wants to solve the problem, it should . . . completely cancel all unilateral tariff measures against China and find a way to resolve differences through equal dialogue.”
Beijing has maintained that the US must make the first move to de-escalate the crisis, which is threatening to spark a hard decoupling between the two countries’ economies.
Chinese analysts argue that the US imposition of high tariffs make it difficult for Beijing to find a way to defuse the crisis.
China’s President Xi Jinping would find it difficult to engage personally with Trump on the trade war unless this was preceded by extensive negotiations to hammer out a deal, they say.
It’s “the art of the deal”. Create a big stink, then capitulate. Trump’s genius is truly mind boggling.