China blames US for trade breakdown

By Andy Brown15 May 2019

cn

The US and China have imposed a series of tariffs on goods imported from each other

China has accused the US of being the reason for the breakdown of the recent trade talks between the two countries.

China’s foreign ministry is reported to have said that US officials tried to change the terms of the agreement initially struck by trying to get China to increase the volume of goods it imports from the US.

The long-running trade war between the two countries escalated last week after President Trump raised tariffs on US$200 billion worth of Chinese products. China retaliated with US$60 billion worth of tariffs of up to 25% on US goods – building materials and some machinery will be subject to this higher tariff.

The US and China are the world’s two largest economies. It is estimated that approximately US$700 billion of goods were sent between the two countries in 2018.

“When the time is right we will make a deal with China,” Trump tweeted. “It will all happen, and much faster than people think!”

It is thought that President Trump will meet with Xi Jinping, the Chinese president, at the G20 summit in Japan in June.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Computer vision AI sees the way forward
Salman Chaudhary, CEO at EmpiricAI, explains why computer vision AI offers a glimpse of the future of health & safety in the construction sector
How wearable technology is used in construction
Wearable technology is helping construction companies become more productive and is also boosting health and safety 
Post-pandemic demand lengthens delivery times for construction equipment
Government stimulus measures following the global pandemic have led to a surge in demand for construction equipment
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA