Beijing– China on Monday rebuffed renewed threats on trade from Washington, after US President Donald Trump threatened to impose further tariffs on all imported Chinese goods.
Trump said last week that he was ready to slap additional tariffs on goods imported from China amounting to $500 billion. “The US is invoking this trade war”, Chinese foreign ministry spokesperson Geng Shuang said.
“China does not want a trade war, but we are not afraid”, he continued, adding that “threats and intimidation will never work”, Efe news reported.
China and the US have been involved in an escalating trade dispute since Washington imposed 25 per cent and 10 per cent tariffs on steel and aluminium in March, which have been extended to include an array of other Chinese goods.
China has responded in kind by taxing US imports and has submitted complaints to the World Trade Organization on two separate occasions. (IANS)