China’s Foreign Ministry say negotiations with the US currently impossible; Taiwan’s Ministry of Finance says Taiwanese electronics industry safe … for now
Taiwan News
Date: 2018/04/09
By: Duncan DeAeth, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – After Trump’s abrupt announcement that he would seek to
File Photo: Trump and Xi (By Associated Press)
increase proposed tariffs on US$100 billion worth of Chines goods late last week, the trade conflict between China and the United states appears set to escalate in the coming days and weeks.
With markets on edge, and speculation about possible fallout running rampant, China on Friday intimated that it was “not afraid” of a trade war and had prepared an array of “comprehensive countermeasures,” in the event that Trump makes good on his proposed US$100 billion tariff threat. Then on Monday, April 9, the Chinese Foreign Ministry Spokesman Geng Shuang said that under current conditions negotiating with the U.S. is “impossible.”
AFP quoted Geng as saying “Up to now, Chinese and US officials have not held any negotiations on the trade dispute…Under the current conditions, it is impossible for the two sides to have any negotiations on this issue.” [FULL STORY]
