China questions 'so-called' trade deal Trump talks of

Business | 20 May 2019 7:39 pm

China accused the United States today of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as
U.S. action against China's technology giant Huawei began hitting the global tech sector. 
In an interview with Fox News Channel recorded last week and aired on Sunday night, US President Donald Trump said the United States and China "had a very strong deal, we had a good deal, and they changed it. And I said 'that's OK, we're going to tariff their products'." 
In Beijing, Chinese Foreign Ministry spokesman Lu Kang said he didn't know what Trump was talking about. 
"We don't know what this agreement is the United States is talking about. Perhaps the United States has an agreement they all along had extravagant expectations for, but it's certainly not a so-called agreement that China agreed to," he told a daily news briefing. 
The reason the last round of China-U.S. talks did not reach an agreement is because the United States tried "to achieve unreasonable interests through extreme pressure,'' Lu said. "From the start this wouldn't work." 
China went into the last round of talks with a sincere and constructive attitude, he said. 
"I would like to reiterate once again that China-U.S. economic and trade consultation can only follow the correct track of mutual respect, equality and mutual benefit for there to be hope of success." 
No further trade talks between top Chinese and U.S. trade negotiators have been scheduled since the last round ended on May 10 - the same day Trump raised the tariff rate on US$200 billion worth of Chinese products from 10 percent. 

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