Summary
- "The Office of the United States Trade Representative has announced a very firm stance regarding China's non-fulfillment of trade agreements."
- "The United States emphasized that it is paying attention to China's critical mineral resource supply issues and the delay in the removal of retaliatory tariffs."
- "The possibility of expanding the Section 301 tariffs if necessary was mentioned, and it was also conveyed that a call between President Donald Trump and President Xi Jinping is being arranged."
The Office of the United States Trade Representative has taken a firm stance regarding China's non-fulfillment of trade agreements.
According to overseas economic news channel Walter Bloomberg on the 30th (local time), Jamieson Greer, representative of the Office of the United States Trade Representative (USTR), emphasized, "China's actions are at a completely unacceptable level (completely unacceptable)," and added, "The United States is monitoring very closely whether China fulfills its trade agreements."
Representative Greer pointed out, "The supply flows of critical mineral resources promised by China are not being met as expected, and the removal of some retaliatory tariffs is also proceeding slowly." He also mentioned, "The most significant issue regarding the trade deficit is China, followed by the European Union (EU)."
Additionally, he said, "Section 301 tariffs can be expanded if necessary, and currently, these measures are not having a negative impact on trade negotiations."
Lastly, he revealed that a call is being arranged between President Donald Trump and President Xi Jinping.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
