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No trade talks unless US 'takes gun off' China's head: Beijing

AFP  |  Geneva 

The should "take the gun off" China's and start keeping its word in order to have useful talks on ending a trade war, Beijing's said today.

Wang Shouwen, representing during the country's policy review at the this week, noted that the US "started the war" which has seen escalating threats to slap reciprocal tariffs on goods worth hundreds of billions of dollars.

"We have had talks and those talks produced good progress but this progress was ignored by one party and that party went ahead with a trade war," Wang told reporters in

Asked what conditions would be necessary for negotiations on easing the conflict, he said: "For any talk to be successful, one party needs to take the gun off the of the other party.

"And for any talk to be useful, one party needs to be keeping its words. If one side keeps chopping and changing all the time the talk would be pointless," he added.

So far, the two powers have only imposed tariffs on USD 34 billion (29 billion euros) worth of each others goods.

But on Tuesday threatened to target an additional USD 200 billion in imports and immediately vowed to retaliate.

Senior members of Donald Trump's have condemned the spiralling trade row and called for face-to-face talks with

Wang called the US a "trade bully" and said Trump's conduct was "against the interest of the US businesses, the US consumers (and) US workers." Among Washington's many grievances regarding Chinese trade are charges that the WTO treats too kindly.

insists the 164-member body allows China to claim benefits that should be only reserved for the world's poorest nations and fails to punish its other misconduct.

The to the WTO Dennis Shea yesterday said it was time for a "reckoning" over China's membership and that without sweeping reform the WTO will prove unable to contain China and ultimately become an irrelevant.

Wang countered today that China was open to WTO reform, but mocked Shea's "alarmist point of view."

"WTO is not perfect. There might be areas in which there is need for improvement, but I think the statement that says WTO (rules) are insufficient to deal with problems from China is a statement of exaggeration," Wang said.

"If there is need for improvement of the rules China is happy to discuss with all other WTO members.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 22:00 IST
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