Trump Says U.S. to Use All Tools to Pressure China on Trade
- China undermining growth, Trump says in update to trade agenda
- Warning comes as U.S. weighs range of trade measures
This article is for subscribers only.
President Donald Trump is warning the U.S. will use “all available tools” to prevent China’s state-driven economic model from undermining global competition, the latest warning to Beijing as America readies a host of trade actions.
China hasn’t lived up to the promises of economic reforms it made when it joined the World Trade Organization in 2001, and actually appears to be moving further away from “market principles” in recent years, according to the president’s annual report to Congress on his trade-policy agenda. China’s “statist” policies are causing a “dramatic misallocation” of global resources that is leaving all countries poorer than they should be, said the report.