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Trump calls out China trade practices at UN

President Trump called out China’s trade practices during his speech at the United Nations. In his speech, Trump said, “It has embraced an economic model dependent on massive market barriers, heavy state subsidies, currency manipulation, product dumping, forced technology transfers, and the theft of intellectual property.”

Trump mentioned the tariffs he imposed but did not talk about agriculture at the UN.  He said China failed to keep promises made when they joined the World Trade Organization and has engaged in predatory trade practices, costing millions of jobs in the U.S. and elsewhere.  Trump says he wants a fair deal and China wants a deal.  He told reporters a deal could happen sooner than they think. “The American people are absolutely committed to restoring balance to our relationship with China. Hopefully, we can reach an agreement that will be beneficial for both countries.” Trump said, “I have made very clear I will not accept a bad deal for the American people.”

Chinese spokesman Greg Shuang responded by telling reporters the U.S. should listen to developing countries’ calls for rapid development, opposition to bullying and suppression and aspirations for peace and stability. 

China says it has the right to pursue development, but Washington says China continues to violate market-opening commitments while stealing or forcing the transfer of American technology.