Secretary of Commerce Wilbur Ross said China does not want a trade war with the United States and will act accordingly to avoid one, Tuesday on Fox Business’ “Mornings With Maria.”
Ross commented on the possibility of China slapping a $3 billion tariff on the United States in response to President Donald Trump’s actions and said it was an “appropriate response,” considering the circumstances.
“I think China knows they don’t want to have a trade war with us,” Ross said “So I think it’s a very moderated response, probably an appropriate response from their point of view. What they’ve done with the $3 billion is they’ve targeted politically sensitive targets.”
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Ross also discussed China buying up infrastructure all around the world to achieve a military advantage and said America should be more worried about intellectual property rights.
“That is going on in many many countries all around the world. That’s not a problem we’re dealing with, with the intellectual property rights,” Ross concluded. “It is very focused on forced technology transfers, forced partnerships, cyber-security, that kind of activity that impinges on our intellectual property.”
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