14:10 GMT +320 October 2018
Listen Live
    Capitoll Hill, Washington, DC

    Washington to Accuse China of Leveraging World Trade to Weaken US - Reports

    © Sputnik /
    Asia & Pacific
    Get short URL
    9217

    MOSCOW (Sputnik) - The US Defense Department has found in a study, commissioned by President Donald Trump, that Beijing was deliberately flooding world markets with strategic goods to sabotage US suppliers, the Foreign Policy newspaper said, citing sources.

    According to the Foreign Policy newspaper, the review has found that the Chinese authorities are intentionally monopolizing the world's supplies of rare-earth minerals and other strategic material used in US missiles, rockets and jets to undermine US defense capabilities.

    The study will be released in the near future, the media added.

    Trade tensions between the United States and China continued to escalate in recent months, as both countries introduced steep reciprocal tariffs on each other.

    READ MORE: Trump Says Canada, Mexico Will Be 'Wonderful Partners in Trade' in Future

    This image provided by the U.S. Navy, taken Oct. 17, 2016, shows the guided missile destroyer USS Decatur, right, pulling into position behind the Military Sealift Command USNS Matthew Perry, during a replenishment-at-sea, seen from the bridge of the guided-missile destroyer USS Spruance, in the South China Sea
    © AP Photo / U.S. Navy/Petty Officer 2nd Class Will Gaskill
    Earlier in September, a new round of US tariffs on Chinese goods and retaliatory restrictions on US imports to China were imposed amid the further escalating trade dispute which the parties have so far failed to resolve, despite holding numerous consultations.

    US-China trade war took a new turn and extended to the security sector last month after Trump sanctioned a key Chinese military unit for buying Russian weapons and accused Beijing of meddling in the upcoming US midterm elections.

     

    Related:

    Bannon: Trump Willing to Make Trade War ‘Unbearably Painful’ for China
    Trump's Trade War Hurts His Supporters, Average American - Nobel Prize Winner
    US-China Trade War Could Last 20 Years - Alibaba Founder
    Trump's Trade War Forces Volvo, Geely to Postpone Breakthrough IPO Deal
    Tags:
    materials, trade war, goods, China, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment