LOC07:32
04:32 GMT
WASHINGTON, Oct 21 (KUNA) -- The US accused China of "economic coercion" against private companies to avoid doing business with American firm, especially within the shipbuilding industry.
United States Trade Representative, Ambassador Jamieson Greer, issued a statement late Monday in response to Chinaآ’s attempted coercion against companies that were helping revive American industry through large, strategic investments in critical sectors.
"Chinaآ’s recent retaliatory actions against private companies across the globe is part of a broader pattern of economic coercion to influence American politics and control global supply chains by discouraging foreign companies from investing in Americaآ’s shipbuilding and other critical industries," said Ambassador Greer.
"Attempts at intimidation will not stop the United States from rebuilding its shipbuilding base and responding appropriately to Chinaآ’s targeting of critical industrial sectors for dominance. We remain committed to defending our companies, securing supply chains, and encouraging allied investment in Americaآ’s industrial future."
US President Donald Trump said in a statement earlier that his meeting with Chinese counterpart Xi Jinping in South Korea would hopefully lead to a "just and fair" trade deal between the two countries.
He also expressed his desire to visit China next year upon an invitation from Beijing. (end)
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