BEIJING (AP) – An official Chinese newspaper warned Washington not to demand too much from Beijing as talks on ending their tariff war wound up a second day yesterday with no word on possible progress.
China is strong and has its own needs, said the Global Times, published by the ruling Communist Party.
Washington “cannot push China too far” and must avoid a situation that “spins out of control”.
Negotiators began talks on Monday on a fight over Beijing’s technology ambitions that companies worry might contribute to a cooling in global economic growth.
United States (US) President Donald Trump launched the trade war in July by hiking tariffs on Chinese goods in response to complaints Beijing steals or pressures companies to hand over technology.
Trump and Chinese President Xi Jinping agreed on December 1 to postpone more tariff hikes on each other’s goods for 90 days while they negotiate. But neither side appears to have budged, and economists say three months is too little time to resolve issues that have disrupted US-Chinese relations for years.
Washington is pressing Beijing for changes including rolling back plans for government-led creation of Chinese global champions in robotics and other fields. Europe, Japan and other trading partners echo Washington’s complaints that those violate Beijing’s market-opening obligations.
Chinese officials have suggested Beijing might alter its industrial plans but they have rejected pressure to abandon their blueprint for greater prosperity and global influence.
They have tried to defuse pressure for more sweeping change by offering concessions including purchasing more American soybeans, natural gas and other exports.