China Rejects US Trade Probe Ahead Of Beijing Meeting With Trump
Chinese officials have dismissed U.S. claims regarding manufacturing overcapacity and warned that the country reserves rights to impose countermeasures against an ongoing American trade investigation, a move intended as pushback before bilateral talks in Paris on March 13 scheduled for later this week alongside President Trump's planned meeting with Xi Jinping next month; Beijing stated clearly it has no right from Washington.
Key Points
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1China has rebuked the US trade investigation into alleged manufacturing overcapacity, stating that Washington lacks the right to define such excess capacity.
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2The dispute is intensifying ahead of bilateral talks scheduled in Paris and a planned meeting between Donald Trump and Xi Jinping in Beijing.
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3Chinese officials have dismissed U.S. claims linking production surpluses directly to trade imbalances while reserving rights for countermeasures.
Developments
China's Ministry of Commerce has dismissed US claims regarding excessive global production capacities as an unjustified unilateral restriction intended to undermine the world trading system ahead of upcoming bilateral talks between Beijing, Washington, France, Trump, Xi Jinping in China on Friday (2018). The Chinese government characterized this investigation targeting 15 other countries alongside itself not only but also a violation that undermines international economic and trade order.