Secretary Of Commerce, Ross, Sydney

Secretary Of Commerce, Ross

US tariffs on China are working, says US Secretary of Commerce

US tariffs on China are working, says US Secretary of Commerce

10.10.2019

US tariffs on China are working, says US Secretary of Commerce

Tariffs are forcing China to pay attention to U.S. concerns, according to a copy of a speech to be given by U.S. Secretary of Commerce Wilbur Ross ...

Ross said the United States would have preferred not to implement tariffs against Chinese goods more than a year ago, but added that it has forced Beijing into action. The trade war has weighed on global growth and roiled financial markets.

"We do not love tariffs, in fact we would prefer not to use them, but after years of discussions and no action, tariffs are finally forcing China to pay attention to our concerns," Ross told a business function held by the American Chamber of Commerce in Australia.

Top U.S. and Chinese trade and economic officials will meet in Washington on Thursday and Friday to try to end the escalating dispute.

Without a significant breakthrough, Washington is set to hike the tariff rate on US$250 billion worth of Chinese goods to 30per cent from 25per cent next Tuesday.

Ross said the most difficult problem to solve in trade negotiations with China was making sure that the terms of an agreement would be adhered to.

"Given the magnitude and the complexity of the changes we need, enforcement becomes an extremely critical component of any agreement that we make."

Read more: CNA

Yes, thanks for declaring to the world '此地无银三百两“

US tariffs on China are working, US Secretary of Commerce saysTariffs are forcing China to pay attention to U.S. concerns, according to a copy of a speech to be given by U.S. Secretary of Commerce Wilbur Ross ... yes for sure, but may not the positive way they want...

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