10:29 GMT +319 August 2018
Listen Live
    The People's Republic of China flag and the U.S. Stars and Stripes fly along Pennsylvania Avenue near the US Capitol during Chinese President Hu Jintao's state visit in Washington, DC, US on January 18, 2011.

    China in 'Zero-Sum Game' With World on Trade - White House Adviser

    © REUTERS / Hyungwon Kang
    World
    Get short URL
    119

    WASHINGTON (Sputnik) - China is involved in a zero-sum game with the rest of the world on trade issues, White House Adviser Peter Navarro said in an interview on Thursday.

    "Unfortunately, it's a zero-sum game now between China and the rest of the world, and what we need to do as a country is to work with the rest of the world," Navarro told CNBC.

    Navarro said the United States needs to protect its interests in artificial intelligence and other high-tech industries, which is what China has also prioritized for the next decade.

    READ MORE: EU Urges US, Russia and China to Avoid Trade Wars, Speed Up WTO Reform

    China is attacking the "crown jewels" of the United States in its alleged theft of intellectual property on technology, Navarro added.

    On Wednesday, Trump's top economic adviser Larry Kudlow said Chinese President Xi Jinping has no intention of following through on any of the trade reforms the two countries have discussed during several sessions of negotiations and added that the talks have stalled at the moment.

    On July 9, the US Trade Representative imposed 10 percent tariffs on another $200 billion of Chinese imports into the United States.

    The Trump administration has slapped 25 percent tariffs on $34 billion worth of Chinese goods, prompting a similar response from Beijing.

    In an earlier round of tariffs announced in June and actualized on July 6, the United States announced 25 percent duties on $50 billion worth of Chinese goods to which China responded by imposing restrictions for the same amount of US imports.

    Related:

    China May Boost Iranian Oil Purchases Once US Sanctions Step Into Force - Report
    US Launches WTO Disputes Against Reciprocal Tariffs From China, EU, Canada
    EU Urges US, Russia and China to Avoid Trade Wars, Speed Up WTO Reform
    Tags:
    reforms, trade, Xi Jinping, China, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment