The U.S.- China trade war is not about to end as China is all set to buckle down and bring the fight to wherever the U.S. wants it to go. The Chinese government remains unfazed by Trump’s latest warning of making good on his threat of imposing a 10% tariff on the remaining $300 billion worth of Chinese goods coming into the U.S.
Trump announced the tariff will take effectivity on September 01, 2019, obviously giving China up to August to agree to his trade conditions. Although negotiations are expected to resume by early September, it appears that China does not intend to budge, seeing that Trump’s latest threat is having a negative impact on the U.S. economy.
Current data revealed that Trump’s exclusive tariff on China has been limiting trade flows, showing a 0.3 dip in U.S. trade deficit. According to the U.S president, one of the reasons why he is renewing his threat is because China’s goodwill commitment of increasing imports of U.S. agricultural products, has not been fulfilled. Based on latest trading analysis, exports to China remains unchanged.
Trump told reporters at the White House that
“The United States cannot just go and enter into an even deal with China.” “We have to go and make a better deal with China,”
China Announced Readiness to Face Trump’s Latest Threat
Last Friday, after Trump tweeted his additional 10% tariff warning to China, Hua Chunying, the spokesperson of the Chinese Foreign Ministry, immediately made it clear that the Chinese government is standing firm on its position.
In a news briefing held in Beijing, Hua told reporters that China will not give in to any intimidation, maximum pressure or blackmail and that they are still hoping the U.S. president “gives up on his illusions” that China will simply do what he demands. In its stead, Hua said her government is looking to re-negotiate based on equality and mutual respect. In May 2010, trade negotiations of the 13-month trade war failed when U.S. envoys accused China of reneging on previous commitments
China’s new ambassador to the United Nations, Zhang Jun, remarked that Beijing intends to enforce necessary countermeasures, as a means of protecting its rights against moves that only demonstrated Trump’ irresponsible and irrational act. Zhang added,
“China’s position is quite clear; if the U.S. wishes to talk, then we (China) will talk, if the U.S. wants to fight, then China will fight.”