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China’s Trade Practices Have ‘Gotten Worse,’ Wilbur Ross Says

Published 10/09/2019, 10:44 PM
Updated 10/10/2019, 12:17 AM
China’s Trade Practices Have ‘Gotten Worse,’ Wilbur Ross Says

(Bloomberg) -- China’s trade practices have deteriorated and U.S. tariffs are forcing China to heed American grievances, U.S. Secretary of Commerce Wilbur Ross said in a speech in Sydney.

Every country in the world would benefit if China followed global trade rules, Ross said in prepared remarks on Thursday.

“China has refused to change its behavior,” Ross said. “In fact, its global trade practices have only gotten worse.

“We do not love 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.

Latest comments

The US corp. and the US govt lobbies by them have hollowed the US and allowed china over decades starting from nixon to get away. Even the chinese companies listed on nyse have a different standards because xi says so. Chinese invest in US comapnies and steal IP. Now they are focussing on israel. Direct flights from tel aviv to china so it can be done faster(:-Its time world corrected it. They bully anyone who questions them- NBA , APPLE . Why can’t the rest of the world boycott chinese products - take them off the shelf like they do in china.
what you expect when someone got bullied and forced into signing unfair contracts during centuries ago. Histories cannot be forgotten but can be forgiven only people starts to admit their mistakes and come to a peaceful compromise
The USA has mishandled China from the beginning, with a lack of sensitivity, and lately via Trump with megalomania and a bully's mania of DELUSION. --- Another example, the FONOP's and sailing too close for comfort within 12 nautical miles was a stupid move by America in the sense of world peace. You do not rouse a tiger, you let sleeping dogs lie. This provocative move of sailing provocatively close was to get China to build bigger weapons faster and IMHO was done mainly to stir up the arms race, a move that helps USA sell more weapons, but from a political and peacemaking perspective an utter failure. Very selfish of the USA. -- And hearing the gar'ba'ge that comes out of Trump's mouth and all the megalomanic braggings he does before they meet China for a trade discussion: it turns my stomach and I'm ready to p'uke. Such a low person Trump is. God help America and the free world.
China's trade practices have gotten worse because the west has so allowed, because the west has turned a blind eye, given China credit, allowed it into the WTO unqualified, etc, etc. --- The loopholes Trump has been playing to commit income tax fraud and get away with it, the same loopholes that welfare recipients use while driving a Mercedes and collect multiple non-qualifying payments, the same loopholes that other tax cheats are using etc, etc are the same reasons that America and the West can blame themselves for not getting an effective trade practice from China. === Communist countries will play you for all you're worth like Iran and NoKo lie their way through to get benefits while never upkeeping their bargain. After all you should know that you can not make a lasting contract with a com'mun'ist or a ter'ror_ist. It's the same way with the history of agreements with NoKo. They count on collective strength and squeeze you for it, and do say GoodBye to any credit you give them.
IT IS POSSIBLE to make good trade deals but you can't make them in a rush and you can't make them with big sweeping clauses. Not possible! Especially not with a comm'un_ist or a ter'ror's_t who thinks wildly different. (Example: China now says essentially, that since they have been punished for bad behaviour with Uighurs that therefore goodwill from China has soured. Get it? i.e. They don't acknowledge that they did something wrong, to begin with). With those guys, you need to walk ONE STEP AT A TIME, GET THEM TO UNDERSTAND COMMON LOGIC, carefully supervise and enforce, just like keeping an aggressive bulldog on a very short leash and supervising every step towards good behaviour. --- Watch videos about how to train a disobedient dog. IT IS POSSIBLE, but bad behaviour needs to be trained right out of the offender and that takes time, correspondence, proofing of behaviour, clauses, supervision, feedback and reinforcement.
This guy is contradicting our great President Trump in his prediction Trade Was Is Easy to Win. Are we winning or losing Mr Wilbur?
do you think market go up or down tommorow?
Market will definitely go down because we will hear the China Roar again. Ross and Trump just used a stick and poke at the Lion again. When China roar, worldwide market will tumble down. Trump must learn, when she show her fangs, be prepare for the roar.
SPY dropped 1% AH, so brace for the crash!
Follow the charts!
I told you guys ... Ross is reading some Fake News like Fox Networks. When President Xi heard this, he must have laugh so hard and fell off his chairs. Tarriffs does not hurt China, but the US companies cause in the second half, the numbers will start to show. President Xi already said, no country can stop the rise of China and no one can denied the chinese from going forward.
Arrogance will be Chinas down fall then...
Do you read Fake News or Alternative News? Cause if you take the time and do some research, you will know Trump is the arrogance man and China is still growing at 6%, so eventually they will rise above and become the biggest economy.
Humility surely is making the US glorious and rising again, or MAGA.
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