China is the ‘principal military and economic threat’ in Asia, says Wilbur Ross

China hasn’t done a good job in complying with international trade rules — and is the principal military and economic threat in the region, U.S. Secretary of Commerce Wilbur Ross said on Tuesday. Speaking on the opening day of the Milken Institute Asia Summit, Ross said China accounts for 210 out of 539 anti-dumping and countervailing duty orders imposed by the U.S. In addition, China makes up a “good portion” of the U.S. entity list that restricts companies’ access to American suppliers for national security reasons, he said. Anti-dumping and countervailing duties are slapped on products suspected of being … (full story)

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