The Chinese government threatened to retaliate if President Trump follows through on his plan to ratchet up tariffs on Friday, just as the two countries try to finalize a trade deal
Washington The Chinese government on Wednesday threatened to retaliate if President Donald Trump follows through on his plan to ratchet up tariffs on Friday, just as the two countries try to finalize a trade deal.
China's chief trade negotiator, Vice Premier Liu He, is due in Washington later this week for a critical round of discussions with Robert Lighthizer, Trump's top trade envoy and Treasury Secretary Steven Mnuchin. "The escalation of trade friction is not in the interests of the people of the two countries and the people of the world," the Chinese Commerce Ministry said Wednesday.
— Donald J. Trump May 8, 2019 The deal is a top priority for both Trump and Chinese President Xi Jinping, who pledged during a December meeting in Buenos Aires to reach a comprehensive trade agreement that would end an escalating trade war. Hours before China put the US on notice that they would take retaliatory action if necessary, White House press secretary Sarah Sanders told reporters that the administration had been told that Beijing still wants to make a trade deal.
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