4 days ago
- Business
- South China Morning Post
US efforts to coerce China into trade concessions ‘will not work', analysts say
US President Donald Trump's attempts to force Beijing back to the negotiating table by piling 'extreme pressure' on the Chinese economy through a barrage of export controls are doomed to fail, analysts said.
Washington has unveiled new curbs on the sale of jet engine and chip design technologies to China in recent days, as Trump insisted in a social media post that he would no longer be 'Mr Nice Guy' on trade.
But Beijing responded with a stinging rebuke on Monday, with the Ministry of Commerce rejecting accusations that China had violated the trade deal agreed in Geneva last month.
'The United States keeps initiating trade frictions unilaterally that lead to uncertainties in the bilateral relationship,' the ministry said in a statement, adding that Washington was 'gravely deviating from the truth' in its remarks.
'China is holding to its responsibility to seriously and strictly follow up and proactively maintain the consensus after the Geneva talks with determination and integrity,' the ministry said.
Tensions between the world's two biggest economies have flared up once more over the implementation of the Geneva deal, which saw the US and China agree to
drastically scale back tariffs on each other's goods for 90 days.
