The return of trade tension between Beijing and Washington is a m

The Organization for Economic Co-operation and Development (OECD) called on Thursday to avoid a "surge" in trade tension, warning of global economic uncertainty, two days before Washington threatened to impose strict tariffs on imports of steel and aluminum.
According to the "French", the organization warned that "further escalation of trade tension could be a major blow to economic growth" at a time of nearly 4% global growth, the average of the decades before the crisis.
"Above all, no escalation of trade tension should be avoided," said Alvaro Pereira, head of the agency's acting economy department, without mentioning any specific country at a time when the United States may impose a customs duty of 25 per cent on steel imports and 10 per cent on While its partners, including the European Union, threatened to take countermeasures.
Washington said yesterday that preparations were underway to impose trade sanctions that could target China specifically, although the US administration has declared a truce on this front of the trade war.
For its part, called on the International Monetary Fund yesterday, China and the United States to settle their trade dispute.
"We think it is important that both sides try to cooperate and reduce the escalation and avoidance of any kind of tension," IMF representative Alfred Schipke told reporters in Beijing.
He stressed that trade disputes indirectly affect customers, investors and financial markets in both countries.
"These trade tensions are not in the interest of anyone," Shibeke said in presenting the results of the IMF's annual mission to China.
The fund kept its forecast for Chinese GDP growth this year at 6.6 percent compared to 6.9 percent last year. Growth in the world's second-largest economy is expected to slow by 2023, bringing the annual growth rate to 5.5 percent.
China needs to control credit growth, ensure equal opportunities for domestic and foreign companies, and better protect intellectual property rights, the IMF said.
In turn, the Chinese Foreign Ministry urged the United States yesterday to meet halfway with Beijing, indicating that it does not want a trade war, but not afraid of that war, according to "Reuters."
Foreign Ministry spokeswoman Hua Chun-ying made the remarks during a press briefing.
The US Chamber of Commerce in China said the White House's recent threat to introduce punitive tariffs on US imports from China would soon be a "negotiating step" before a US trade delegation visits China early next week.
"We do not think the fees are the right way to go," Lester Ross, chairman of the policy committee at the US Chamber of Commerce in China, told reporters, adding that the fees could eventually represent a new tax on US consumers.
"In spite of that, the fees or the threat of imposing tariffs are very useful and very strong negotiating means, and to some extent they will help China sit on the negotiating table in a more serious way than in the past, so we think it is very useful," Ross said. The White House yesterday announced its intention to announce the final list of Chinese goods from China, which will be subject to a US $ 50 billion import duty from China by June 15, adding that the fees will be charged by 25 percent "after Short time "from the publication of the list.
For its part, China said the declaration came in contrast to the understandings reached earlier by the two countries in Washington.
The White House statement was "unexpected and within expectations" at the same time, the official Xinhua news agency quoted China's Ministry of Commerce as saying.
"Whatever measures the United States takes, China has the confidence, ability and expertise necessary to defend the interests of the Chinese people and the fundamental interests of the state," the ministry said.
US Commerce Secretary Wilbur Ross plans to visit Beijing early next week at the head of a trade delegation in the latest trips by Chinese and US officials to resolve trade disputes between the world's two largest economies.
Liu Hie, China's deputy prime minister, traveled to Washington earlier this month to ease tensions between the two countries on issues such as piracy of intellectual property rights, government subsidies to enterprises and import duties.
The United States has agreed to suspend the implementation of the $ 150 billion import duty from China as negotiations continue between the two countries. Meanwhile, China promised to increase its imports from the United States, particularly in the areas of agricultural products and energy, while reducing China's trade surplus with the United States.
But the deal appeared to have failed as the White House announced on Tuesday that it would announce the final list of Chinese goods from China, which will be subject to a $ 50 billion US import tariffs by June 15. The White House statement said the fee would be charged 25 percent "shortly after" the list was issued.
For its part, the People's Daily of China's People's Daily reported yesterday that the recent US declaration was "shocking" to China and that a full-scale trade war between China and the United States would be inevitable if Washington applied the cartoons.
"Giving up the promise to make proposals for a better deal is a bad habit for Washington, which China will not allow," she said.

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