Trump says does not wish to talk to Xi ‘right now’
- Author: Darren Santiago May 15, 2020,
May 15, 2020, 0:22
"We're looking at that very strongly", Trump told Maria Bartiromo in an interview for Fox Business Network. "I don't want to speak to him".
Asked how the United States might choose to retaliate, Trump gave no specifics but struck a threatening tone, saying: "There are many things we could do".
"If you did, what would happen?"
"You know, if we wanted to put up our own border, like other countries do to us, Apple would build 100 percent of their product in the United States".
Trump did not explain what he meant by "the whole relationship", but the $500 billion figure suggests that he might have been referring to trade. We are firmly opposed to it", Foreign Ministry's spokesperson, Zhao Lijian said.U.S. senators said in a statement on Tuesday said:"Without certification, the president would be authorized to impose a range of sanctions such as asset freezes, travel bans, visa revocations, restricting United States financial institutions from making loans or underwriting to Chinese businesses and prohibiting Chinese firms from being listed on American stock exchange."Responding to USA legislators, the Chinese Foreign Ministry spokesperson said, "Since the outbreak began, China has been acting in an open, transparent and responsible way".
While US intelligence agencies said the virus did not appear to be man-made or genetically modified, US Secretary of State Mike Pompeo said early in May there is "a significant amount of evidence" it came from a laboratory in Wuhan. Other Republicans have echoed Trump's combative rhetoric as well. The pandemic has also turned a spotlight on American reliance on Chinese supply chains for needed items, including medical equipment and drugs. His re-election opponent, former Vice President Joe Biden, has sought to turn the trade deal - one of Trump's signature first-term accomplishments - into a liability by alleging the president was focused on the agreement to the exclusion of the growing coronavirus outbreak. "I make a great trade deal and now I say it just doesn't feel the same to me". The ink was barely dry and the plague came over.
Even as the coronavirus takes an economic toll on both countries, Trump said the USA will not budge on the agreement's target for Chinese purchases of US goods. "I have not seen it yet", Trump told reporters on Wednesday. "We're not gonna renegotiate".
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There were 172 Chinese companies listed on U.S. Exchanges worth more than $1 trillion as of September previous year, according to the U.S. Beijing accentuated goodwill on both sides, while Washington maintained that obligations must be met on time.
Under the legislation, Trump would be required to confirm within 60 days that China had provided a complete accounting in any investigations led by the USA, its allies or United Nations Affiliates.
Chinese companies now are subject to lower disclosure requirements than US counterparts, causing USA investors to face risks and losses. "We must send a clear and strong message to China that there will be consequences for their reckless actions", he said. So what are they gonna do? "They're going to move their listing to London or someplace else".
The idea of forcing Chinese public companies off the main American exchanges made headlines last September as an option considered by the White House, when trade tensions were at a high point, though the Treasury Department said it had no such plans.
Jiang, a Chinese-born American citizen, challenged the response.
A recent accounting scandal involved $310 million in fabricated sales at China's Starbucks challenger, Nasdaq-listed Luckin Coffee, renewed these discussions.
Last week, China had released a detailed document responding to 24 allegations made by the United States on several issues pertaining to the novel coronavirus.