U.S. needs to create painful environment in trade': Ross
- 6 years ago
U.S. Commerce Secretary Wilbur Ross says Washington needs to create a painful environment for trading partners with high trade barriers.
He made the comments during a CNBC interview on Thursday, adding such measure were required to achieve President Trump's ultimate goal of lower barriers and a level playing field.
He also singled out China, saying it's "compounded by their disrespect of intellectual property, the forced technology transfers, the cybersecurity breaches."
China's commerce ministry hit back, accusing the U.S. of being "protectionist" and "blackmailing" by threatening to impose further tariffs on Chinese goods.
It also said trade talks between both countries were being put at risk due to Washington's unpredictable and hostile manner.
The ministry was responding to Trump's threat earlier this week to impose 200 billion dollars of Chinese imports with ten percent tariffs if Beijing retaliates to his previous duties announcement.
He made the comments during a CNBC interview on Thursday, adding such measure were required to achieve President Trump's ultimate goal of lower barriers and a level playing field.
He also singled out China, saying it's "compounded by their disrespect of intellectual property, the forced technology transfers, the cybersecurity breaches."
China's commerce ministry hit back, accusing the U.S. of being "protectionist" and "blackmailing" by threatening to impose further tariffs on Chinese goods.
It also said trade talks between both countries were being put at risk due to Washington's unpredictable and hostile manner.
The ministry was responding to Trump's threat earlier this week to impose 200 billion dollars of Chinese imports with ten percent tariffs if Beijing retaliates to his previous duties announcement.