European Council President Donald Tusk, Chinese Premier Li Keqiang and European Commission President Jean-Claude Juncker attend signing ceremony at the Great Hall of the People in Beijing, China, July 16, 2018. REUTERS/Thomas Peter
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China could open its economy if it wished, European Commission President Jean-Claude Juncker said Monday, with the European Union calling on countries to avoid a trade war even as pressure mounts on Beijing over its industrial policies. Playing host to Juncker and European Council President Donald Tusk, Chinese Premier Li Keqiang stressed the need to uphold free trade and multilateralism as the United States and China become increasingly mired in a trade dispute, with no sign of negotiations on the horizon.U.S. President Donald Trump has warned he may ultimately impose tariffs on more than $500 billion worth of Chinese goods – nearly the total amount of U.S. imports from China last year – to combat what the U.S. says are Beijing's trade abuses.Tusk urged China, the United States and other countries to avoid trade wars and reform the World Trade Organization, equipping it to combat forced technology transfers and government subsidies, complaints underpinning Trump's tariffs.Both China and Europe have stressed the need for trade differences to be tackled through the WTO, but the United States has said China's unfair policies are too urgent and too big for the trade body to handle.
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