The US has "made a series of false accusations, and used increasing tariffs and other means of economic intimidation, to try to impose its own interests on China by way of extreme pressure", the State Council (cabinet) said in a white paper on trade and economic tensions with Washington. The white paper blames President Donald Trump's "America First" policy for torpedoing years of progress in settling differences through bilateral forums and exchanges. The new messaging from Beijing came hours after the US imposed new tariffs on $200 billion worth of Chinese goods, drawing a pledge of tit-for-tat action from Beijing. China's finance ministry said last week it would activate tariffs of five to 10 percent on 5,200 categories of US goods totalling $60 billion. The ministry's list includes big-ticket items like liquefied natural gas, lumber and electronics as well as everything from peppermint oil to pig hides to cocoa butter to condoms.

Source: The Nation Bangkok September 24, 2018 07:07 UTC