The US-China trade war escalates, as Beijing announced it would raise painful tariffs on $60 billion in US exports by next month, responding to President Donald Trump call for an increase on Chinese goods entering the US
China's foreign ministry had earlier said the country will never surrender to external pressure after Washington renewed threat to impose tariffs on all Chinese imports in an escalating trade dispute.
The announcement came less than two hours after Trump warned Beijing not to retaliate after China said it “will never surrender to external pressure.”
The trade war escalated on Friday after Trump hiked tariffs on $200 billion worth of Chinese goods, saying China had reneged on earlier commitments made during months of trade negotiations.
"China should not retaliate-will only get worse," he said on Twitter.
Asked about the threat, Geng said, "We have said many times that adding tariffs won’t resolve any problem ... We have the confidence and the ability to protect our lawful and legitimate rights."
"It’s no big deal. China is bound to turn crisis to opportunity and use this to test its abilities, to make the country even stronger."
Trump has since defended the US tariff hike and said he was in "absolutely no rush" to finalise a deal.Read more: TRT World
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