China accuses US of derailing trade negotiations

China accuses US of derailing trade negotiations
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The Chinese government in a policy paper released Sunday said the U.S. is to blame for trade negotiations being derailed.

The report from the Cabinet spokesman’s office said China kept its word through every round of negotiations, but the U.S. had backtracked on commitments three times, according to the Associated Press.

“But the more the U.S. government is offered, the more it wants,” it reportedly said, accusing the American negotiators of “resorting to intimidation and coercion.”

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“A country’s sovereignty and dignity must be respected, and any agreement reached by the two sides must be based on equality and mutual benefit,” the report said, according to the AP.

Trade negotiations between the world's two largest economies faltered early in May.

As a result, the Trump administration raised tariffs from 10 percent to 25 percent on $200 billion of imports, a move which China responded to by targeting $60 billion worth of U.S. agricultural exports.

The president has threatened another round of tariffs on Chinese imports if a trade deal is not reached.

The U.S. has accused China of stealing trade secrets and forced technology transfers, both of which China has denied being involved in.

Sunday's report did not specify what issues allegedly derailed negotiations.

The U.S. Trade Representative (USTR) in response blamed China for the negotiations breaking down.

“Following months of hard work and candid and constructive discussions, the parties had reached agreement on a number of important matters,” the USTR said in a statement on Monday.

“In wrapping up the final important issues, however, the Chinese moved away from previously agreed-upon provisions. In response to this Chinese backtracking, the United States moved forward with the previously-announced rate increase on Chinese imports and announced tariffs on additional Chinese imports.”

--This report was updated on June 4 at 8:17 a.m.