US Commerce Secretary Wilbur Ross says China trade practices have gotten worse

Author: Eamonn Sheridan | Category: News

I think Ross may have just woken up and is not yet on board with the Trump vibe here ….

  • Says China trade practices have gotten worse
  • the US is not opposed to trade with China 
Oh dear, Wilbur with more;
  • says China causes massive market dislocations due to overcapacity and dumping excess production
  • says if China abides by global trade rules every nation will benefit
  • says China's global trade practices have gotten worse
  • says US would prefer not to use tariffs, but tariffs are forcing China to pay attention to our concerns
  • says China's value add to Australian economy is "shockingly limited"
The most recent headlines we have had prior to Ross were some encouragement for the trade talks:
Which gave risk markets some encouragement. 

Earlier in the session were mixed reports on cutting short the trade talks, which weighed on risk, read from the bottom up for chronology: 
Ross' comments now in danger of undoing the good feelings. 

Ross is speaking in Sydney, Australia. Which is no excuse to be such a wombat.


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