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China US trade war: Former Beijing business chief slams trade war tactics

November 19, 2018 7:19 PM
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China US trade war: Former Beijing business chief slams trade war tactics

Long Yongtu, who negotiated China’s entry into the World Trade Organisation, openly criticised his country's tactics and warned it would never get a trade deal.

He told an annual conference organised by Caixin, an influential Chinese financial media outlet, it was inappropriate to involve political considerations in trade talks.

Mr Long said: “If we have people who always talk about politics engaging in trade negotiations, we will never have a deal.

He said it was unwise to impose import duties on soybeans in retaliation for US President Donald Trump’s decision to slap additional levies on Chinese imports.

Mr Long said: “Agricultural products are very sensitive in trade and soybeans are very sensitive as well.

“We should have avoided targeting agricultural products because targeting agricultural products should be the last resort.

Source: express.co.uk

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