China warns countries against striking trade deals with US at its expense
China warns countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiraling trade war between the world’s two biggest economies.
China respects all parties resolving economic and trade differences with the United States through consultation on an equal footing, but it will firmly oppose any party striking a deal at China’s expense, its Commerce Ministry says.
Beijing “will take countermeasures in a resolute and reciprocal manner” if any country seeks such deals, a ministry spokesperson says, addressing a news report that the Trump administration is preparing to pressure other countries to limit trade with China in exchange for tariff exemptions from the United States.
The “United States has abused tariffs on all trading partners under the banner of so-called ‘equivalence,’ while also forcing all parties to start so-called ‘reciprocal tariffs’ negotiations with them,” the spokesperson says.
China is determined and capable of safeguarding its own rights and interests, and is willing to strengthen solidarity with all parties, the ministry says.
The Trump administration is preparing to pressure nations seeking tariff reductions or exemptions from the US to curb trade with China, including imposing monetary sanctions, Bloomberg reported, citing sources familiar with the matter.
The Times of Israel Community.