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TRADE WARS
China ready to fight US on trade but door open for talks: defence minister
by Staff Writers
Singapore (AFP) June 2, 2019

China is ready to fight the US on trade but the door is still open for talks, the country's defence minister said Sunday.

"On the trade friction started by the US: if the US wants to talk, we will keep the door open. If they want to fight, we are ready," General Wei Fenghe told an international security dialogue in Singapore.

Beijing and Washington have been locked in a bruising tit-for-tat trade war, exchanging tariffs on $360 billion in two-way trade so far.

Wei is the first Chinese defence minister to attend the forum known as the Shangri-La Dialogue since 2011.

Washington and Beijing have been vying for influence in the Asia-Pacific region, which hosts potential flashpoints such as the South China Sea, the Korean Peninsula and the Taiwan Strait.

Washington has been pushing back against Beijing's aggressive militarisation of the South China Sea, where China has staked "indisputable" ownership over almost the whole area and rejects partial claims by Taiwan, Brunei, Malaysia, the Philippines and Vietnam.

Beijing is also regularly angered by US and other warships transiting through the Taiwan Strait, which it considers part of its territorial waters.


Related Links
Global Trade News


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TRADE WARS
China accuses US of 'naked economic terrorism'
Beijing (AFP) May 30, 2019
China accused the United States of "naked economic terrorism" on Thursday as Beijing ramps up the rhetoric in their trade war. The world's top two economies are at loggerheads as trade talks have apparently stalled, with US President Donald Trump hiking tariffs on $200 billion in Chinese goods earlier this month and blacklisting telecoms giant Huawei. "We are against the trade war, but we are not afraid of it," vice foreign minister Zhang Hanhui said at a press briefing to preview President Xi J ... read more

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