China warns trade talks are futile if Trump imposes new tariffs

Chinese President Xi Jinping
(Image credit: Nicolas Asfouri/Getty Images)

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.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

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.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us