Tags: US | US | China | Trade | Envoy

China Calls U.S. Tariff Threats Unacceptable

Thursday, 25 Mar 2010 11:02 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

A senior Chinese official says it's unacceptable for U.S. lawmakers to threaten to slap punitive tariffs on Chinese goods if Beijing doesn't change its currency policy.

Vice Commerce Minister Zhong Shan told reporters Wednesday that China will not "succumb to foreign pressures to adjust our exchange rate."

U.S. lawmakers say China's undervalued currency gives Chinese exporters an unfair trade advantage and costs millions of Americans their jobs.

The dispute threatens a relationship crucial to settling a raft of global problems.

Zhong says the stability of China's yuan benefits the world economy. He would not say when the yuan's value might appreciate. Zhong is in Washington to try to ease trade tension over China's currency.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

A Threat to Hollywood Launched Dad's Political Career

Thursday, 18 Dec 2014 23:13 PM

Kim Jong-un isn't the only strongman to threaten Hollywood and win. He isn't even the most recent.
A new biography . . .

9/11 Was a Valid Reason for Harsh Tactics

Thursday, 18 Dec 2014 11:14 AM

A poll released this week found 51 percent of Americans approve of the harsh interrogation tactics the CIA used immediat . . .

Uber's Shortcomings Invite Regulation

Wednesday, 17 Dec 2014 11:35 AM

Uber is the world’s foremost practitioner of do first and possibly ask permission later. It typically enters a market an . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved