In a sharp rebuke to U.S. trade policies, China has accused the United States of jeopardizing the progress of their preliminary trade agreement. This accusation comes in response to a recent advisory issued by the U.S. that cautions against the use of Chinese semiconductor technology.
China’s Ministry of Commerce has formally “demanded” that the Trump administration rectify what it deems “mistakes,” characterizing the U.S. Commerce Department’s advisory as both “discriminatory” and “market distorting.” This statement indicates a growing rift between the two economic powers.
A spokesperson for the Ministry emphasized, “China urges the U.S. to immediately correct its wrong practices and stop discriminatory measures against China.” The comments were translated via Google for media reporting.
Further warning of potential repercussions, the spokesperson added, “If the U.S. insists on its own way and continues to substantially damage China’s interests, China will take resolute measures to safeguard its legitimate rights and interests.”
The White House has yet to provide a response to these remarks when contacted by Finance Newso.
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