U.S. Secretary Of Commerce, Commerce, Ross

U.S. Secretary Of Commerce, Commerce

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

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

10.10.2019

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

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, which ignited a trade war that slowed global commerce and threatened decades-old systems, but added that it has forced Beijing into action.

"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 was quoted as saying in a copy of a speech seen by Reuters.

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

Negotiators had made no progress in deputy-level trade talks held on Monday and Tuesday in Washington, the South China Morning Post (SCMP) said, citing unnamed sources with knowledge of the meetings.

Read more: CNA

yes for sure, but may not the positive way they want...

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