Home > World > US and China blame each other for trade crisis

US and China blame each other for trade crisis

Written by Business World, on 19th Dec 2018. Posted in World

article headline

The United States and China clashed again at the World Trade Organization (WTO) on Wednesday, accusing each other of undermining the multilateral trading system, according to speeches from the closed-door talks seen by Reuters.

U.S. Ambassador Dennis Shea accused China of seeking to "outright steal" technology in strategic industries and dump its products on U.S. markets, saying "this is not acceptable."

China's envoy said that "reckless actions" by the Trump administration were the root of the crisis but that China hoped that in the follow-up to their leaders' summit, the two powers can "move in the same direction with mutual respect to contribute to the stability of world economic and trade environment." (Reuters)

Source: www.businessworld.ie

More articles from World

image Description

Pound falls sharply after May requests short Brexit extension

Read more
image Description

EU can not budge any more on Brexit says Juncker

Read more
image Description

May to seek Brexit delay of three months to two years

Read more
image Description

Brexit in crisis as Theresa May plots a course around Bercow's obstruction

Read more
image Description

High labor costs eat into JD Wetherspoon's profit

Read more