June 21, 2018 / 11:38 AM / 24 days ago

Ross says U.S. must create "environment of pain" in trade -CNBC

WASHINGTON, June 21 (Reuters) - Commerce Secretary Wilbur Ross said on Thursday the United States needs to make it painful for its trading partners to have high trade barriers in order to reach President Donald Trump’s ultimate goal of lowering barriers and a level playing field.

“What we have to do is create an environment where it’s more painful for these parties that have these huge trade barriers, both tariff and non-tariff, got to make it more painful for them to keep those barriers than to get rid of them,” he told CNBC.

“In the particular case of China, it’s compounded by their disrespect of intellectual property, the forced technology transfers, the cybersecurity breaches.” (Reporting by Doina Chiacu and Lisa Lambert; Editing by Chizu Nomiyama)

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