6/18/18
Chinese state media has attacked the White House for escalating the prospect of a trade war, calling the administration of president Donald Trump “selfish” and “rude” and “mundane” in its capriciousness. “The unpredictability of [the] Trump administration has become mundane, or even boring for China,” an editorial in the state-run tabloid Global Times said on Sunday. “It reinforces the difference in images of the two countries: one challenges the foundation of global trade through sudden attacks; and one that is prepared to defend itself in a trade war that it cannot avoid.” After months of negotiations, China and the US are on the brink of an all-out trade war. On Friday, the US unveiled a list of $50bn in Chinese goods to target with 25% tariffs, pledging more duties if China retaliated. Within hours China released its own list of retaliatory tariffs to place on $50bn in US imports. “The unpredictability of [the] Trump administration has become mundane, or even boring for China,” an editorial in the state-run tabloid Global Times said on Sunday. “It reinforces the difference in images of the two countries: one challenges the foundation of global trade through sudden attacks; and one that is prepared to defend itself in a trade war that it cannot avoid.” After months of negotiations, China and the US are on the brink of an all-out trade war. On Friday, the US unveiled a list of $50bn in Chinese goods to target with 25% tariffs, pledging more duties if China retaliated. Within hours China released its own list of retaliatory tariffs to place on $50bn in US imports.
An editorial in the People’s Daily on Saturday said the latest trade provocations allowed China “to see more clearly the face of the Trump administration, one that is rude, unreasonable, selfish and headstrong”. China’s official Xinhua news agency added: “The wise man builds bridges, the fool builds walls. With economic globalization there are no secluded and isolated islands.” China’s proposed tariffs on more than 500 categories of US goods, a list more extensive than the one it released in April, appear aimed at hurting Trump’s Republican base before the US midterm elections in November. The list includes beef, poultry, pork, dairy products, seafood, tobacco and soybeans. China is the largest buyer of US soybeans. Beijing said it would also target $16bn of US products like coal, crude oil, natural gas, and medical equipment at a later date. Chinese state media still left room for the possibility of negotiations. “Given the frequent flip-flopping of the Donald Trump administration, it is still too early to conclude that a trade war will start,” said an English-language editorial in the China Daily.