NOTE: The following report appears in both International Trade Today and Export Compliance Daily.
‘Unreasonable’ US Demands, ‘Maximum Pressure’ Doomed Trade Talks, China Says
That the U.S. made “unreasonable demands” on China “through maximum pressure” is the “underlying reason” why 11 rounds of negotiations “failed to yield an agreement,” a Chinese Foreign Affairs Ministry spokesperson said May 20. “This wouldn't work from the very…
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beginning.” When U.S. threats didn't work and “instead led to widespread doubts at home and abroad as well as market fluctuations, the U.S. “resorted to muddying the waters and shifting the blame,” he said. “The international community bears witness to the sincere and constructive attitude China has shown in the past 11 rounds of negotiations.” There’s “hope for success only when the consultations proceed on the right track of mutual respect, equality and mutual benefit,” he said. The Office of U.S. Trade Representative didn’t comment.