US should consider tariff impact on its economy
By Ren Xiaojin and Jing Shuiyu |
China Daily |
Updated: 2018-08-28 10:18
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Cui Fan, a member of the China International Economic and Trade Arbitration Commission, said the US accusation against China of taking advantage of foreign trade is a false proposition, as China has no obvious trade imbalance.
"The proportion of foreign trade in GDP remains at a normal level. As the country keeps opening up its market, it is possible for the proportion to drop in the future, and a trade deficit may even occur," Cui said.
Instead of slapping tariffs on each other, the trade dispute will only be resolved by negotiations, and this is just a matter of time, Cui said.
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