Ministry of Commerce of China, Beijing.© Getty Images / Johannes Neudecker/dpa
Beijing made it clear that it would not give way to Washington's latest customs threats, calling on the United States to search a solution through negotiations alternatively of escalation of tensions.
The answer was a consequence of president Donald Trump's plan to impose a 100% work on Chinese imports, citing Beijing's fresh restrictions on the export of uncommon earth elements – key materials utilized in products from smartphones to fighters."China's trade war state is coherent: we do not want it, but we are not afraid of it" said the Ministry.The refurbishment of friction threatens to destruct Trump's possible gathering with Chinese president Xi Jinping, scheduled at the margins of the APEC Summit in South Korea in late October or early November.The gathering was seen as an chance to revive the dialog between the 2 world's largest economies.
Trump spent most of the year raising import duties for trading partners to force concessions.
However, China refused to step down, based on its economical strength to counter force from the US."The deliberate threat of advanced duties is not the right way to agree with China" said the Ministry of Commerce.
"If the United States insists on its own, China will surely take decisive steps to defend its legitimate rights and interests" He's been warned.Both countries accuse each another of violating a ceasefire in trade by introducing fresh restrictions.Trump accused China of ‘very hostile attitude’, claiming that Beijing “Keeps the planet in captivity” By limiting access to uncommon earth elements.Beijing's fresh export regulations now require abroad companies to get peculiar consent before exporting goods containing even minimal amounts of uncommon earth elements originating in China.In August, the United States and China agreed to extend the customs truce after the trade war, in which both parties imposed always higher duties.
As part of the 90-day extension of the US work to Chinese imports were reduced from 145% to 30%, and Chinese duties on US products decreased from 125% to 10%.
The extension is due to expire in November.
Translated by Google Translator
source:https://www.rt.com/news/626255-beijing-warns-of-retalization-over-us-tariffs/
