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TEHRAN, May 13 - China’s state media says the country does not want to engage in a trade war with the United States as it will have no winner, but Beijing is not afraid to do so.
TEHRAN, Young Journalists Club (YJC) - The remarks were made in a commentary which is due to be published on Monday by the ruling Communist Party’s People’s Daily, but whose text was carried by the official Xinhua news agency the night before.
It also said China’s door to talks with the US about their trade dispute is always open, but China will not yield on important issues of principle and will never brush aside its priorities.
In similar comments on Friday, Chinese Vice-Premier Liu He had noted that cooperation is the only right choice for China and the United States, but China will not compromise on major issues of principle.
Cooperation is the only right choice for the two sides, but it has to be based on principles, said the vice premier in a group interview with Chinese media after the conclusion of the 11th round of high-level economic and trade consultations between the two sides in Washington.
The comments come after China and the US failed to reach a deal to end their months-long trade dispute.
People with knowledge of the talks between the two sides said on Friday that US President Donald Trump has reportedly given China a one-month ultimatum to seal a trade deal or face tariffs on all its exports to the United States.
PressTV-'US gives China one-month ultimatum for trade deal'
PressTV-'US gives China one-month ultimatum for trade deal'
US President Donald Trump President has reportedly given China a one-month ultimatum to seal a trade deal or face tariffs on all its exports to the United States, amid escalating tensions with Beijing in the aftermath of a long-protracted trade war.
China-US negotiations broke down last week after Chinese representatives reportedly backtracked on promises to address issues like theft of intellectual property, after which the US announced an increase of Chinese tariffs from 10 percent to 25 percent on $200 billion worth of Chinese imports.
Trump has urged China to either sign the deal now or it will be forced to sign a far worse agreement in future. However, China says it won’t make concessions on issues of principle.
China strongly opposes US tariff hikes, which are harmful not only to China and the United States, but to the world at large, and China will have to take necessary countermeasures, the Chinese vice premier said Friday.
Source: Press TV
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