“No Agreement” – Dispute on rates: China denies negotiations

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The Chinese government has contradicted the statements of US President Donald Trump about continuous negotiations between the United States and China in the trade conflict. Similar reports are ‘fake news’ such a spokesperson for the Ministry of Trade in Beijing (see video).

There are indications that there is a breakthrough, according to He Yadong, a spokesperson for the Chinese Ministry of Trade. “If the responsible representative of the Foreign Affairs and the Ministry of Trade, I would like to emphasize that there are currently no economic and trade negotiations between China and the United States. All claims about the progress of the economic and trade negotiations between China and the US are unfounded and miss any factual basis,” he said by a journalist.

The customs war was initiated by the United States. China’s attitude is clear: you will fight to the end. The door is open, but the negotiations should be respectful and beneficial for both parties, he continues.

Trump speaks about daily contact
US President Donald Trump had previously said that the United States and China had daily contact. When asked by a journalist if there was direct contact with China in the trade conflict, Trump replied: “Yes, of course. And every day, every day.”

President wants to be “nice” towards China
Trump does not want to fight with hard bandages in the trade conflict with China: “No, we will be very nice. You will be very nice. We will see what is happening,” he said on Wednesday when the new head of the American stock exchange supervises, Paul Atkins.

At the beginning of April, Trump escalated the trade conflict by introducing special rates against different countries. Later he ordered a 90-day break of the services. Special rates of up to 145 percent still only apply to products from China. In exchange, Beijing rates of 125 percent on goods from the United States.

Source: Krone

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