U.S. initiated trade war, spreading harm around world – Chinese envoy - Premium Times Nigeria

U.S. initiated trade war, spreading harm around world – Chinese envoy

The Chinese Ambassador to Australia, Cheng Jingye, in a signed article on Thursday said China rejects escalation of the U.S. initiated trade war, which is spreading harm around the world.He said the decision by the U.S. to impose additional tariffs on Chinese imports is a gross violation of the Osaka consensus reached by China and U.S.

Mr Cheng said the price of the U.S. administration’s tariffs will be paid by common American households.He noted that JPMorgan researchers estimate that American families will have to pay 1,000 dollars in additional costs annually. “After over 40 years of reform and opening up, China has made notable achievements in technological innovation.

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