{"id":121085,"date":"2018-04-06T20:27:06","date_gmt":"2018-04-06T18:27:06","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=121085"},"modified":"2018-04-06T20:27:06","modified_gmt":"2018-04-06T18:27:06","slug":"us-treasury-secretary-there-is-potential-for-us-trade-war-with-china","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=121085","title":{"rendered":"US Treasury Secretary: There is Potential For US Trade War With China"},"content":{"rendered":"<div class=\"b-article__lead\">\n<p dir=\"ltr\"><strong>Earlier, US President Donald Trump had said that Washington had lost a trade war with Beijing, whiled commenting on plans to raise US tariffs on additional Chinese goods worth $100 billion.<\/strong><\/p>\n<\/div>\n<div class=\"b-article__text\" dir=\"ltr\">\n<p>US Treasury Secretary Steve Mnuchin said there was potential for\u00a0a US-China trade war, however, he noted that Washington doesn&#8217;t seek to\u00a0confront Beijing. He added that the US can manage the impact of\u00a0new Chinese tariffs on\u00a0the US economy without &#8220;significant damage.&#8221;<\/p>\n<p>He said the US regularly communicates with\u00a0China and that Washington is ready for\u00a0talks. At the same time, he stressed that President Trump is prepared to\u00a0protect American trade interests.<\/p>\n<p class=\"marker-quote1\">&#8220;On the one hand, we absolutely are willing to\u00a0negotiate and not get into\u00a0trade wars but\u00a0on the other hand, the president is perfectly willing to\u00a0defend interests,&#8221; Mnuchin said, as\u00a0cited by\u00a0CNBC.<\/p>\n<p>The spokesman for\u00a0the Chinese Ministry of\u00a0Commerce, Gao Feng, said on\u00a0Friday that Beijing was ready to\u00a0respond to\u00a0Washington if it imposes additional tariffs on\u00a0Chinese goods.Trump ordered on\u00a0Thursday the US Trade Representative to\u00a0look into\u00a0imposing an additional $100 billion in\u00a0tariffs against\u00a0China after\u00a0Beijing&#8217;s &#8220;unfair retaliation.&#8221; Beijing has slapped Washington with\u00a0new tariffs of\u00a0up to\u00a025 percent on\u00a0a number of\u00a0US goods, including agricultural products, vehicles and chemicals.<\/p>\n<p>Since taking office in\u00a0January 2016, President Trump has\u00a0consistently\u00a0accused\u00a0China\u00a0of unfair trade policies. On March 22, he signed a memorandum to\u00a0raise tariffs on\u00a0imports from\u00a0China, a move that the president said could bring around $60 billion to\u00a0US economy. The Chinese Commerce Ministry has responded with\u00a0new import tariffs on\u00a0128 US products.<\/p>\n<p>Trump has vigorously enforced US trade laws by\u00a0backing companies and industries that complain of\u00a0harm from\u00a0unfair trade due to\u00a0imposed duties on\u00a0imports. Trump has reversed the policy of\u00a0his predecessors who relied on\u00a0dispute mechanisms in\u00a0the WTO and other trade agreements to\u00a0resolve disputes.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Earlier, US President Donald Trump had said that Washington had lost a trade war with Beijing, whiled commenting on plans to raise US tariffs on additional Chinese goods worth $100 billion. US Treasury Secretary Steve Mnuchin said there was potential for\u00a0a US-China trade war, however, he noted that Washington doesn&#8217;t seek to\u00a0confront Beijing. He added &hellip;<\/p>\n","protected":false},"author":3,"featured_media":121086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-121085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US Treasury Secretary: There is Potential For US Trade War With China - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=121085\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Treasury Secretary: There is Potential For US Trade War With China - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"Earlier, US President Donald Trump had said that Washington had lost a trade war with Beijing, whiled commenting on plans to raise US tariffs on additional Chinese goods worth $100 billion. US Treasury Secretary Steve Mnuchin said there was potential for\u00a0a US-China trade war, however, he noted that Washington doesn&#8217;t seek to\u00a0confront Beijing. 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