Amid tensions; negotiations, threats between Washington, Beijing

The United States and China are meeting in Washington on Thursday for trade negotiations in a climate of tension caused by the threat of the two major powers to impose new protection measures.

Trump said Beijing had retracted its major commitments. The US President Donald Trump said, "Adding two hundred billion dollars to the valued customs duties of the imported Chinese goods suspended in early January are going to enter into force on Friday," according to AFP.

The US president said at a rally in Florida, "We will increase tariffs in China until they stop stealing our jobs," stressing that the time for economic surrender has gone.

Trump accused China of breaking the trade deal with his country, hours before the resumption of trade talks between the two countries. The United States has threatened to raise tariffs on the Chinese imports from 10 percent to 25 percent.

On Thursday, Chinese Deputy Prime Minister Liu He is meeting with US Trade Representative Robert Laitheiser at the latter's office in Washington.

Economists around the world and multilateral institutions such as the International Monetary Fund have been warning since months that a long-term trade war between China and the United States would lead to a shock beyond the two countries' borders, as the recovery that followed the global downturn in 2008 has been fueled largely by trade exchanges in the world.

(T/S)

ANHA


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