US Treasury: US intends to 'hold China accountable' for unfair, market-distorting trade

The latest report submitted by the US Treasury Department to Congress cited that the US intends to 'hold China accountable' for unfair, market-distorting trade, Reuters reports.

Key Points from the report:

It would be 'unrealistic' to expect success in negotiating new WTO rules aimed at changing China's 'mercantilist' trade policies.

The United States intends to 'hold China accountable' for unfair, market-distorting trade practices that hurt US workers, businesses, farmers or ranchers.

The above report is likely to intensify the tensions surrounding the US-China trade talks that could dent the market sentiment and add to the downside in the Antipodeans.