‘Still bullish’: Beijing hits back at Trump claim that US tariffs are forcing manufacturers out of China
- Chinese foreign ministry says US ‘menace’ has not dented investor confidence
- US chamber of commerce survey says members favour Trump’s tariff policy
Overseas investors are still enthusiastic about China, the foreign ministry said on Tuesday, following Donald Trump’s claim that US tariffs were forcing companies to move production out of the world’s second largest economy.
On Sunday, Trump claimed that tariffs on Chinese goods were pushing manufacturers out of China and towards Vietnam and other Asian countries, and that any agreement to end his trade war with China cannot be a “50-50” deal.
No trade talks between senior Chinese and US trade negotiators have been scheduled since the last round ended on May 10 – the day Trump raised the tariff rate on $200 billion worth of Chinese products to 25 per cent from 10 per cent.
Trump took the step after China sought major changes to a deal that US officials said had been broadly agreed.
Since then, China has struck a sterner tone, suggesting that a resumption of talks aimed at ending the 10-month trade war was unlikely to happen soon.