China slams US blacklisting of Huawei as trade tensions rise - News Summed Up

China slams US blacklisting of Huawei as trade tensions rise


China is strongly against other countries imposing unilateral sanctions on Chinese entities, a Commerce Ministry spokesman said, stressing that the United States should avoid further damaging Sino-US trade relations. The crackdown on Huawei came as US Treasury Secretary Steven Mnuchin said he would visit China soon for more trade talks. He added that he had no information on any plans for a US trade delegation to visit China. "The tariff hike by the United States will only bring greater difficulties to the consultations," Gao said. China believes tariffs were the genesis of the trade dispute, and that all tariffs must be eliminated in order to reach a deal.


Source: Mint May 16, 2019 10:30 UTC



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