US Vice President Threatens China with 'All-Out Cold War'

Frederick Owens
November 16, 2018

Beijing provided the Trump administration with its document earlier this week, responding to a months-long request from USA officials for commitments that would jumpstart trade talks, Reuters reported on Wednesday.

When asked by a reporter from Voice of America about Taiwan, Pence repeated earlier statements that Taiwan's embrace of democracy provides a better path for all Chinese people to follow, while emphasizing that the USA would stand by its obligations to the island country, without specifically mentioning any particular agreement or treaty, reports Liberty Times.

It was a good sign that Beijing had put something in writing after months of declining to do so, the official said, speaking to Reuters on condition of anonymity.

Apart from China, Trump's focus is also on reducing the nation's trade deficit with close allies like Germany and Japan.

The US-China trade war, after upsetting the demand and supply forces and wasting billions on taxes, is finally headed towards a dialogue.

China retaliated with tariffs on $110 billion of US products and is likely to respond with more if the United States goes ahead with the increase at the start of January.

China has proved that it is aware of its own commercial self-interest and the effect its own retaliatory measures are having on it, Ross said, pointing to Beijing's decision to reduce a 25 percent retaliatory tariff on US LNG to 10 percent.

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Washington should "respect China's sovereignty, security and development interest, as well as the path of development chosen by the Chinese people", said the spokeswoman, Hua Chunying.

Just last week, Navarro took a shot at Wall Street, warning "globalist elites" against meddling with the Trump administration's policy on China.

Pence also said China must offer concessions on intellectual property theft, forced technology transfer, restricted access to Chinese markets, respect for worldwide rules and norms, and efforts to limit freedom of navigation in global waters, among other issues. He has also threatened to target another $267 billion worth of goods if his demands are not addressed.

Responding to Pence's remarks, Chinese Foreign Ministry spokeswoman Hua Chunying said China had always been a "model student" when it came to respecting worldwide rules and norms.

The next best scenario - Coming close in probability to the above-mentioned scenario would be a resumption in the status quo situation between USA and China.

"China respects USA sovereignty, security, and development interests", she told a daily news briefing in Beijing. Prior to the meeting, the willingness to engage in discussion had been shown from both sides and this goodwill could be sustained particularly with the two high-level figures in attendance. This article is strictly for informational purposes only. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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