Wednesday 12 December 2018
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inquirer - 25 days ago

China, US trade barbs in speeches at Apec Summit

PORT MORESBY, Papua New Guinea --- China s leader Xi Jinping and U.S. Vice President Mike Pence traded barbs in speeches to a summit of world leaders Saturday, outlining competing visions for global leadership as trade and other tensions between them simmer. Pence said there would be no letup in President Donald Trump s policy of combating China s mercantilist trade policy and intellectual property theft that has erupted into a tit-for-tat tariff war between the two world powers this year. The U.S. has imposed additional tariffs on $250 billion of Chinese goods and China has retaliated. Pence reiterated Trump administration threats to more than double the penalties. The...

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