Today News – US congressmen call out China leadership over trade war stance | Trending News

2018-09-19T16:53:14+00:00 September 19th, 2018|

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a war of words broke out at the World Economic Forum conference in Tianjin northeastern China on Wednesday went to u.s. Republican congressman called out China’s commitments to free and fair trade just minutes after Chinese Premier Li Keqiang keynote speech darrell Issa from California and Todd Rokita probe Indiana called on China to stop stealing and cheating and urged the government to take timely actions that would allow a ceasefire in the trade war with the United States their ad-hoc press conference on the sidelines of the forum was not on the official schedule and attendees received an email during Lee’s speech to say it would occur less than 30 minutes after the Premier’s address the two congressmen voiced strong support for the Trump administration’s trade confrontation with China Donald Trump threatens to slap tariffs on almost all Chinese goods more than 500 billion dollars after Beijing fights back every action the US has done his measured and reasonable and was based on sound evidence rakita said in his speech Lee talked of China’s commitment to improving intellectual property rights and ensuring a level playing field for foreign companies operating in China we promoted China’s defense of globalization and free trade and promised to continue to open the Chinese market to foreign investment the US administration has accused China of violating US companies intellectual property rights and stealing American technology and trade secrets which hurt the US economy and cost jobs China has dismissed the accusations and stood firm against u.s. pressure both countries have engaged in a series of retaliatory moves imposing 25% tariffs on 50 billion dollars worth of each other’s imports in a further escalation this week the u.s. announced it would impose 10 percent tariffs on an additional 200 billion dollars worth of Chinese products from September 24th with the tariff rate increasing to 25 percent on January 1st next year unless China makes concessions China responded by imposing tariffs on 60 billion dollars worth of u.s. goods ESA’s said Lee’s comments on protecting intellectual property rights in treating foreign companies equally were encouraging but not new tack is cheap actions are what matter rakita added what we are doing is demanding action and demanding that the stealing and cheating stop China won’t use you on exchange rate as trade where weapon Li says there are hundreds of intellectual property cases in China that are decades old years and years old but they simply never get a day for a trial because if they did they would have to admit that China has done wrong Issa said so for the premier to keep his promise one thing he has to do his to see those cases move forward in a timely fashion rakita said he liked the position the US was taking I hope the two countries will come to the table and hope actions follow words he said Jesus said the successive negotiations with Mexico to revise the north american free trade agreement was a good example for how china could address the trade dispute and reach a free and fair trade deal with the u.s. Issa also said china had failed to keep its commitments made during its accession to the World Trade Organization making it doubtful that the multilateral trade body could effectively help solve the dispute between Washington and Beijing