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BEIJING (AP) – China released a report Sunday accusing the United States of being at the root of a trade dispute and saying it would not back down on "big issues" of principle".
The statement from the Office of the Cabinet Spokesperson stated that China had kept its word in eleven rounds of negotiations and that it would respect its commitments if a trade agreement was reached.
"The sovereignty and dignity of a country must be respected and any agreement reached by both parties must be based on equality and mutual benefit," he said.
The United States has accused China of stealing trade secrets and forced technology transfers. The Trump administration has imposed 25% tariffs on Chinese imports to the tune of $ 250 billion and plans to tax the $ 300 billion worth of imports saved so far. It has also compounded the stakes this month by placing Chinese telecommunications giant Huawei on a blacklist prohibiting US companies from providing it with computer chips, software and other components without government approval.
Beijing reacted by imposing a $ 60 billion tariff on US products, which came into effect on Saturday. She also fought back against Huawei's US blacklist by announcing on Friday the establishment of her own list of unreliable entities made up of foreign companies, corporations and individuals.
Published in eight languages, Sunday's report exposes China's argument that one could blame Washington for the frictions and resulting costs for both parties.
"Whatever the future brings, China is confident of tackling the challenges head-on, turning risks into opportunities and opening new chapters," he said. "China remains committed to its own cause, no matter the changes in the external environment."
"We still have enough room for maneuver in fiscal and monetary policy" to maintain the health of the Chinese economy despite friction, he added.
Wang Shaowen, deputy minister of commerce and deputy international trade representative, said China was forced to "take strong action in response" to US equities and denied China had retracted its policies. previous commitments.
"It is irresponsible on the part of the United States to accuse and defame China," Wang said.
In the negotiations "nothing is agreed until everything is agreed," Wang said. He added that the United States had made unacceptable requests, including tariffs and mandatory requirements contrary to Chinese sovereignty.
He said about American tactics: "You give them an inch, they take a meter".
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