The U.S. is "not opposed to trade with China," Commerce Secretary Wilbur Ross said at an American Chamber of Commerce meeting in Australia. But the U.S. is seeking to address "fundamental issues in our trade relationship with China, including forced technology transfers, cyber intrusions, the stealing of [intellectual property] and industrial subsidies to state-owned enterprises." He blamed China for causing "massive dislocations due to overcapacity and dumping excess production into global markets."
Getting China to "abide by the global rules of trade, every nation in the world will benefit - including China. China is, after all, a real powerhouse. It is growing rapidly. And with its success comes responsibility - its responsibility to act as a member of the global community."
China has not changed its behavior since joining the WTO, Ross stated. "In fact, its practices have become more protectionist than before," he said.
In other remarks in Australia, Ross noted that the U.S. does not like to use tariffs. "In fact we would prefer not to use them, but after years of discussions and no action, tariffs are finally forcing China to pay attention to our concerns," Ross said, according to Reuters.
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