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| © Reuters |
China
has hinted that it will back out for the anticipated new trade talks with
the U.S. if President Donald Trump goes on with the additional tariffs
covering $200 billion worth of Chinese products. Foreign Ministry
says China will take 'necessary countermeasures'
"If
the U.S. imposes any additional tariffs on China, we will have to take
necessary countermeasures and resolutely safeguard our legitimate and legal
rights and interests," Chinese Foreign Ministry spokesperson Geng
Shuang told reporters Monday.
"The
escalating trade disputes serve the interests of neither side. We always
believe that dialogue and consultation on the basis of equality, good faith,
and mutual respect make the only viable way out for the China-U.S. trade
issues," Geng said.
Beijing
said last week that it welcomed the invitation from U.S. Treasury
Secretary Steven Mnuchin to restart high-level talks. The two sides reportedly
are preparing for a meeting late this month.
But
the Trump administration could announce as early as Monday that it will proceed
with the third round of tariffs against China, The Wall Street Journal and
Reuters report.
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