China says US 'lies' about effect of tariffs on its economy
Warns American side to not overestimate their own 'rumour-making ability'
Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. PHOTO: REUTERS
BEIJING:
China on Friday accused the United States of repeatedly lying after President Donald Trump said trade war tariffs were having a "devastating effect" on the Asian country's economy.
"The US side has said such lies not just once or twice. Every time China exposes them in time, but the US seems to be very persistent, even obsessed, and keeps repeating these lies," foreign ministry spokesman Geng Shuang said at a regular press briefing.
Trump hiked tariffs on $200 billion in Chinese goods earlier this month as talks in Washington failed to produce a deal after he accused Beijing of reneging on its commitments.
China steps up threat to deprive US of rare earths
"The tariffs are having a devastating effect on China. People are fleeing the country with their companies," Trump said, though he fails to mention that US importers and consumers bear the brunt of the cost of tariffs on products coming into the United States.
"I can tell you, China very much wants to make a deal," he said. "China is becoming a very weakened nation."
China is preparing to retaliate with an increase in tariffs on $60 billion in US goods due to take effect on Saturday.
"I would like to warn the American side not to overestimate their own rumour-making ability, nor underestimate the judgment of others. The real spirit does not come from repeated lies and fallacies, or some illusion of self-weaving," Geng said.
China on Friday accused the United States of repeatedly lying after President Donald Trump said trade war tariffs were having a "devastating effect" on the Asian country's economy.
"The US side has said such lies not just once or twice. Every time China exposes them in time, but the US seems to be very persistent, even obsessed, and keeps repeating these lies," foreign ministry spokesman Geng Shuang said at a regular press briefing.
Trump hiked tariffs on $200 billion in Chinese goods earlier this month as talks in Washington failed to produce a deal after he accused Beijing of reneging on its commitments.
China steps up threat to deprive US of rare earths
"The tariffs are having a devastating effect on China. People are fleeing the country with their companies," Trump said, though he fails to mention that US importers and consumers bear the brunt of the cost of tariffs on products coming into the United States.
"I can tell you, China very much wants to make a deal," he said. "China is becoming a very weakened nation."
China is preparing to retaliate with an increase in tariffs on $60 billion in US goods due to take effect on Saturday.
"I would like to warn the American side not to overestimate their own rumour-making ability, nor underestimate the judgment of others. The real spirit does not come from repeated lies and fallacies, or some illusion of self-weaving," Geng said.