China warns trade talks are futile if Trump imposes new tariffs


Commerce Secretary Wilbur Ross visited Beijing for trade negotiations over the weekend, and those talks produced "positive and concrete" results, said a statement from the Chinese government in state-run media Sunday. However, if the Trump administration proceeds with its proposal to impose 25 percent tariffs on $50 billion of Chinese tech products, the statement warned, "all the economic and trade benefits negotiated by both sides are not going to take effect."
Further economic negotiations should be aimed toward mutual benefit and "not waging a trade war," the statement said. Meanwhile, President Trump wrote on Twitter Saturday afternoon that the United States is "almost 800 Billion Dollars a year down on Trade," and thus "can't lose a Trade War!" Read The Week's Jeff Spross on Trump's trade war here.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.
-
5 darkly funny cartoons about Israel blocking aid to Gaza
Cartoons Artists take on forcing famine, avoiding aid, and more
-
The easy elegance of Cap Ferret
The Week Recommends 'Elemental and otherworldly' destination is loved for its natural beauty
-
Volodymyr Zelenskyy: flirting with authoritarianism?
Talking Point Ukraine's president is facing first major domestic unrest since the Russian invasion, over plans to water down the country's anti-corruption agencies
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement