US Unilateral Threats, Pressure Will Backfire: China FM

• PressTV Published on Jul 30, 2018
  Chinese Foreign Minister Wang Yi says his country’s door of dialogue with the United States on resolving bilateral trade disputes remains open, reiterating that Beijing is not after a trade war with Washington. “China’s door of dialogue and negotiation remains open, but any dialogue must be based on equality, mutual respect and rules. Any threat or pressure by one side will only be counterproductive,” Wang said during a joint press conference with visiting UK Foreign Minister Jeremy Hunt on Monday. The top Chinese diplomat said the current tensions were initiated by the US and the two countries should resolve their issues under the World Trade Organization (WTO) framework rather than in accordance with US law. “China does not want to fight a trade war, but in the face of this aggressive attitude from the United States and violation of rights, we … must take countermeasures,” Wang added. The Chinese foreign minister also blamed Washington for the trade imbalance between the two countries, noting that the US tariffs were an example of “unilateralism and economic hegemony, which is unlikely to be accepted by any sovereign state.” Wang said about 60 percent of China’s trade surplus with the US was created by foreign companies operating in China and that US firms had reaped “huge profits” in the country.

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