Chinese ambassador labels US trade war bullying, warns Beijing is not afraid to fight back – Politics


Updated

September 05, 2019 08:59:04

China’s ambassador to Australia says his country does not want a trade war with the United States, but argues Beijing is not scared of retaliating to tariffs on Chinese products.

Key points:

  • Cheng Jingye labelled US tariffs on Chinese goods “bullying”
  • He warned Beijing would continue to fight back, even though it did not want a trade war
  • Treasurer Josh Frydenberg said the US had legitimate concerns about China’s behaviour

In a rare public statement, Cheng Jingye has taken to the opinion pages of the Australian Financial Review to launch a scathing critique of US President Donald Trump’s tactics, labelling them “bullying”.

His fiery missive comes just days after Washington and Beijing slapped more tariffs on each other’s products, including footwear, smart speakers and crude oil.

“In the face of US trade bullying and extreme pressure, China’s position has always been rational and clear-cut,” the ambassador wrote.

“We do not want a trade war, but are not afraid of fighting one.”

Mr Cheng issued a blunt message to the United States, quoting a proverb to suggest the actions by Mr Trump would come back to hurt his country in the future.

“He who tries to blow out other’s oil lamp will set his beard on fire,” he wrote.

Treasurer Josh Frydenberg did not agree with the Ambassador’s sentiment.

“We know that the Americans do have some legitimate issues when it comes to their trade concerns with China, around intellectual property, subsidies for various sectors, with regard to the forced transfer of technology,” he told the ABC’s AM program.

“But at the same time, we want cool heads to prevail, we want the disputes to be resolved, and we want both sides to be sitting at the negotiating table.

“Whether it’s the United States or China, they are best served by a global trading system without this tit-for-tat tariffs.”

He said the Australian Government would continue its efforts to lobby both countries.

Topics:

government-and-politics,

donald-trump,

business-economics-and-finance,

trade,

australia

First posted

September 05, 2019 08:37:37



Source link

About the Author

Australia News
More Than 20 Years in News and jobs

Be the first to comment on "Chinese ambassador labels US trade war bullying, warns Beijing is not afraid to fight back – Politics"

Leave a comment

Your email address will not be published.


*


%d bloggers like this: