(Bloomberg) -- The Trump administration on Monday expressed disappointment that China blames the U.S. for the failure of trade talks between the two countries.
“It is important to note that the impetus for the discussions was China’s long history of unfair trade practices,” the Treasury Department and the U.S. Trade Representative said in a joint statement. “Our negotiating positions have been consistent throughout these talks, and China back-pedaled on important elements of what the parties had agreed to.”
The U.S. is "disappointed" that the Chinese have used the ‘White Paper’ and recent public statements to "pursue a blame game misrepresenting the nature and history of trade negotiations between the two countries,” the joint statement continued.
The statement released by the Beijing government over the weekend with considerable fanfare asserted that President Donald Trump’s decision to raise tariffs on $200 billion of Chinese goods on May 10 was a breach of an agreement reached by Trump and President Xi Jinping.
“These acts contradicted the agreement reached by the two presidents to ease friction through consultation -- and the expectations of people around the world -- casting a shadow over the bilateral economic and trade consultations and world economic growth,” the authors of the paper said. “The U.S. has backtracked on its commitments in the China U.S. economic and trade consultations, not the other way around.”
The U.S. response said their insistence on "enforceability” stemmed from “China’s history of making commitments that it fails to keep."
“President Trump is committed to taking action to address the unfair trade practices that China has engaged in for decades, which have contributed to persistent and unsustainable trade deficits, almost $420 billion last year, and have caused severe harm to American workers, farmers, ranchers, and businesses.”
Treasury Secretary Steven Mnuchin will attend the Group of 20 finance ministers’ summit in Fukuoka, Japan, that begins Friday. Chinese officials are scheduled to attend the gathering.
If he meets with the Chinese, it would be the first face-to-face talks after the two sides reached a standoff in two-year negotiations over trade last month.
Trump and Xi may meet at the Group of 20 summit in Japan later this month.
“Nothing is agreed until everything is agreed,” Vice Commerce Minister Wang Shouwen, who led China’s working-level team in the negotiations, said in Beijing on Sunday. China does not want a trade war with the U.S. but won’t shy away from one, according to the white paper.
