US trade official takes aim at Beijing, faults Washington on industry

πŸ‡ΊπŸ‡Έ South China Morning Post (US) —
US trade official takes aim at Beijing, faults Washington on industry

AI Summary

A senior US trade official criticized China for unfair trade practices including subsidies and regulatory barriers, but also faulted the United States for lack of timely action. The remarks highlight ongoing trade tensions between the two countries.

A top US trade official took a veiled swipe at China on Thursday for a range of unfair trade practices, but also criticised the United States for being asleep at the wheel for far too long. β€œThey subsidised, they dumped, they erected regulatory barriers, they supported state-owned enterprises, they used every tool available to build their industries and capture a greater share of the American market,” said William Kimmitt, the US under secretary of commerce for international trade, without...

Politics Markets Deals Commodities US-China trade William Kimmitt trade barriers subsidies state-owned enterprises

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