US senator says China, US 'competitors but not adversaries'

Image
AP Beijing
Last Updated : Nov 01 2018 | 6:00 PM IST

China and America are "competitors but not adversaries," US Sen Lamar Alexander told Chinese Premier Li Keqiang on Thursday, despite a spiralling trade war and other tensions that have pushed relations to their lowest point in years.

The upbeat message at their meeting in Beijing came amid concerns that the US-China trade dispute will drag on, hurting company profits and the overall US economy. Tensions have also arisen over China's claims to Taiwan and the South China Sea, allegations of Chinese theft of commercial secrets and accusations of meddling in American politics.

Coming a week ahead of the US midterm elections, the visit by Alexander at the head of a seven-member delegation of Republican senators and congress members seemed all the more extraordinary. All are strong supporters of US President Donald Trump, who has slapped tariffs on USD 250 billion on Chinese products and threatened much more.

"Your country and our country are competitors but not adversaries and we believe that with mutual respect we can continue to prosper together," Alexander said. While he said the delegation wished to discuss trade, he offered no specifics in opening remarks before reporters were ushered from the room.

In his comments, Li said he hoped the US will meet China halfway to "have the wisdom to overcome the obstacles and move our relationship forward on an even sounder track." "This not only benefits our two countries, but also benefits the entire world," Li said.

Along with criticising China's large trade surplus with the US, Trump has targeted China's efforts to transform itself into a global leader in robotics, artificial intelligence and other technology industries.

American officials worry that might erode US industrial leadership, and the US, Europe and other trading partners say Beijing's tactics violate its market-opening obligations.

Trump's tariffs of up to 25 per cent are part of an effort to pressure Beijing to roll back those plans, sparking a Chinese backlash. China has struck back with duties on soybeans and pork, affecting farmers in the Midwest, a region that supported the president in his 2016 campaign.

Other aspects of Trump's tariff tactics have elicited concern even from within his own party. Alexander has co-sponsored legislation that would require the independent International Trade Commission to conduct a study of the auto industry before tariffs on vehicles could be imposed.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 01 2018 | 6:00 PM IST

Next Story