US seeks to cripple China’s economy: Analyst
The United States is seeking to cripple China’s economy, says an analyst, adding that Washington is not negotiating in “good faith” with Beijing to settle a trade dispute between the two economic giants.
“China-US relations are at one of the lowest points in history … and China has, at least some of the people here have, come to the conclusion that the US is not bargaining in good faith, that completely what they want to do is cripple the Chinese economy and to force American companies in particular and other companies that do business in the US out of China and make them go elsewhere,” Einar Tangen told Press TV in an interview on Monday.
Tensions have increased between the US and China in recent months, with the two sides imposing several rounds of tit-for-tat tariffs on each other’s imports.
In early July, Washington imposed 25 percent duties on $34 billion of imports from China as a first step in a possible series of increases that US President Donald Trump said could affect up to $550 billion of Chinese goods.
China, for its part, announced that its retaliatory tariffs had taken effect on $34 billion of US goods that included soybeans and electric vehicles.
The US administration recently announced that it would impose 10 percent tariffs on an extra $200 billion worth of Chinese goods after Beijing retaliated.
China has also filed a complaint with the World Trade Organization against the new US-proposed tariffs.
Venezuela's interim president will continue same policies: Analyst
Iran seeking ouster of US forces from West Asia region: Analyst
Foreign interference would worsen situation in Thailand-Cambodia conflict: Analyst
EU Parliament halts US trade deal after Trump tariff threat
VIDEO | An unchecked presidency
VIDEO | Deportations strain Afghanistan’s fragile economy
‘Full-scale atrocity’: Iran security body reports 2,427 martyrs in US-Israeli-led riots
Smallest coffins are the heaviest: The three youngest victims of foreign-backed riots in Iran
Hamas warns of ‘systematic Israeli violations’ as Gaza ceasefire teeters
Israeli strikes kill 11 across Gaza, including children and journalists: Palestinian medics
US forces transferring Daesh prisoners from Syria to Iraq: CENTCOM
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
