China Accused the US of Throwing Its Weight around In the Trade Arena

The latest exchange between the U.S. and China on trade have China the U.S. advocates principles of fairness but is not living up to them.Foreign ministry spokeswoman Hua Chunying responded last week to reports the U.S. Treasury Department is considering using an emergency law to curb Chinese investments in sensitive technologies. “The U.S. is thinking and acting like a bully — only it can have high tech and others cannot. With regard to the high-tech restrictions, they are citing the reason of national security, but their motivation is protectionism. Is the U.S. really that fragile?” Hua said at a ministry daily briefing.The U.S. Treasury Department is considering using an emergency law to curb Chinese investments in sensitive technologies as the Trump administration looks to punish China for what it sees as violations of American intellectual property rights. A law that may be used is known as the International Emergency Economic Powers Act, passed in 1977, which could affect foreign investment in industries like semiconductors and 5G.