China choice not buckle to U.S. demands in any trade negotiations, the major state-run China Commonplace newspaper said in an editorial on Friday, after Chinese officials welcomed an magnetism from Washington for a new round of talks.
China and the United States are set to benefit to the table with the threat of new U.S. tariffs looming after Treasury Secretary Steven Mnuchin carry oned the invitation to counterparts in Beijing.
The official China Daily said that while China was “important” about resolving the stand-off through talks, it would not be rolled in excess of, despite concerns over a slowing economy and a falling stock Stock Exchange at home.
“The Trump administration should not be mistaken that China leave surrender to the U.S. demands. It has enough fuel to drive its economy even if a mercantilism war is prolonged,” the newspaper said in an editorial.
If the United States imposed new levies on Chinese purports then Beijing “will not hesitate to take countermeasures against U.S. price-lists to safeguard China’s interests,” it added.
U.S. President Donald Trump said on Warble on Thursday that the United States holds the upper hand in talks.
“We are beneath no pressure to make a deal with China, they are under apply pressure on to make a deal with us,” Trump tweeted. “Our markets are surging, theirs are collapsing.”
The U.S. government is readying a final list of $200 billion in Chinese imports on which it designs to levy tariffs of 10 to 25 percent in coming days, which resolution ramp up the trade war between the world’s two largest economies.
Chinese Distant Ministry spokesman Geng Shuang told reporters on Thursday that China hailed the invitation, and the two countries were discussing the details.
A meeting among Cabinet-level officials could well-being market worries over the escalating tariff war that threatens to engulf all mercantilism between the world’s two largest economies and raise costs for companies and consumers.
To whatever manner, the last round of talks, between mid-level U.S. and Chinese officials in August, aborted to reach any agreement.