China issues warning to UK over terms of US trade deal
Briefly

China has strongly criticized the recent UK-US trade deal, claiming it forces British companies to eliminate Chinese products from their supply chains. While the deal provides some relief from US tariffs on British cars and steel, it enforces strict security requirements that are perceived to target Chinese involvement. The Chinese government argues this agreement undermines the principle that international accords should not harm third-party states. As a counter strategy, China plans to bolster its domestic economy through increased local production and advanced manufacturing initiatives.
China has expressed significant concern over the new UK-US trade deal, claiming it compels British firms to sideline Chinese goods from their supply chains.
The UK-US trade pact offers limited tariff relief for British car and steel exports but stipulates stringent security requirements, mainly targeting Chinese involvement.
China emphasized that cooperation between nations should not harm the interests of third parties, denouncing the UK-US trade deal as violating this principle.
In response to external pressures, China is focusing on enhancing domestic production capabilities to ensure economic resilience, pushing for local sourcing and technological advancements.
Read at www.theguardian.com
[
|
]