NOTE: The following report appears in both International Trade Today and Export Compliance Daily.
China Denies Waiting Out Trade Talks in Hopes of Better Deal With a New President
China denies President Donald Trump's allegations their regime is dragging its feet in the U.S. trade talks in hopes of winning a more favorable deal with a new Democratic administration in 2021. “China's position, attitude and practice on the trade…
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Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
issue with the U.S. is consistent,” a Foreign Affairs Ministry spokesperson said Sept. 11, according to a transcript in English of a press conference in China, released by the department. “We never wanted a trade war. We always hope to reach a mutually acceptable win-win solution through equal-footed and respectful consultation.” There’s “a lot of rational" voices within the U.S. “hoping for the early conclusion of an agreement to prevent further escalation of the trade friction,” and the Trump administration “should heed the call,” she said. Trump is sure the Chinese “would love to be dealing with a new administration so they could continue their practice of ‘ripoff USA’” to the tune of $600 billion a year, he tweeted Sept. 3.