11:44 GMT +323 June 2018
Listen Live
    FILE - In this Nov. 9, 2017 file photo, an American flag is flown next to the Chinese national emblem during a welcome ceremony for visiting U.S. President Donald Trump outside the Great Hall of the People in Beijing

    US-Chinese Agreements to Have No Binding Force, If US Imposes Tariffs - Beijing

    © AP Photo / Andy Wong
    World
    Get short URL
    0 150

    BEIJING (Sputnik) - The agreements reached between the United States and China will become void, if Washington imposes the tariffs and other trade barriers, the Chinese Commerce Ministry said Sunday.

    "If the US side imposes trade restrictions, including high tariffs, then all trade agreements reached as result of talks will have no binding force," the statement read.

    The statement was made in the light of the yet another round of US-Chinese trade talks, which began on Saturday and continued through Sunday.

    READ MORE: China Views US Claims on South China Sea Militarization as Meddling — Official

    Last week the White House issued a statement saying that the United States will impose a 25-percent tariff on $50 billion of goods imported from China, which contain "industrially significant technology." According to Washington, the final list of imports would be revealed by June 15. Also, by the end of June, the US is expected to unveil the list of investment restrictions and export controls related to Chinese industrial technology.

    These steps came amid the trade tensions between the countries, which escalated in the last few months, as the US President Donald Trump threatened to slap steep tariffs on Chinese exports to the US for allegedly stealing trade secrets. He also noted it's crucial to reduce Washington's massive trade imbalance with China. In response, Beijing vowed to retaliate against US exports to China with a matching value.

     

    Related:

    Are Chinese Media Making US Anxious?
    EU Commissioner: EU Decided to Launch Legal Proceedings in WTO Against US, China
    'Feet of Clay': What's Behind Trump's Flip-Flops on US-China Trade Relations
    US Defense Secretary Mattis Slams China for Militarising South China Sea Islands
    Tags:
    US-China trade war, Donald Trump, China, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment