The Trump administration on Friday escalated a trade war between the world's two largest economies, moving ahead with tariffs on $50 billion of Chinese goods and provoking an immediate tit-for-tat response from Beijing.
China’s State Councilor and Foreign Minister Wang Yi said dialogue and cooperation, instead of sanctions, are key to maintaining a multilateral nuclear agreement signed between Iran and the P5+1 group of countries in 2015.
US President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports, and the smoldering trade war between the world's two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind.
U.S. President Donald Trump will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on Chinese goods, a senior Trump administration official said, as China again urged talks to settle the dispute.
White House trade adviser Peter Navarro says President Donald Trump has given one last chance to China’s telecom giant ZTE, stressing that Washington would shut down the company if it is caught violating US laws again.
The Chinese Foreign Ministry spokeswoman Hua Chunying said Beijing has always objected to any imposition of unilateral sanctions against other nations based on domestic laws, stressing that China will continue trade ties with Iran.