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Papua New Guinea: Pence says US could 'double' tariffs on China
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17.11.2018
The United States could double the tariffs imposed on Chinese goods, US Vice President Mike Pence warned at the 26th Asia Pacific Economic Co-operation (APEC) summit in the city of Port Moresby, Papua New Guinea, on Saturday.
"We've taken decisive action to address our trade imbalance with China", Pence said, warning that 250 billion-dollar tariffs imposed on Chinese goods could increase twofold.
He stated that China has "taken advantage" of the US for years and that whilst it holds an "honoured place in our vision of a free and open Indo-Pacific", this is dependent upon whether it will respect its neighbours' sovereignty.
"We are aware of the concern that the US-China competition is felt among many of you," Pence said, before making clear that the US seeks to secure a better relationship with China.
The 26th APEC summit is being held for the first time in the Pacific country of Papua New Guinea and will run until November 18.
Representatives from the 21 APEC economies are meeting to discuss trade and economic development in the region.
"We've taken decisive action to address our trade imbalance with China", Pence said, warning that 250 billion-dollar tariffs imposed on Chinese goods could increase twofold.
He stated that China has "taken advantage" of the US for years and that whilst it holds an "honoured place in our vision of a free and open Indo-Pacific", this is dependent upon whether it will respect its neighbours' sovereignty.
"We are aware of the concern that the US-China competition is felt among many of you," Pence said, before making clear that the US seeks to secure a better relationship with China.
The 26th APEC summit is being held for the first time in the Pacific country of Papua New Guinea and will run until November 18.
Representatives from the 21 APEC economies are meeting to discuss trade and economic development in the region.
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