China rejects threats, tariffs as way to resolve trade war

BEIJING — China's Commerce Ministry says officials on both sides are preparing for a meeting of Presidents Donald Trump and Xi Jinping next week in Osaka, but that threats and tariffs will not resolve trade tensions between the two biggest economies.

Ministry spokesman Gao Feng said Thursday that "core concern" has to be properly accommodated.

He said that "If the US insists on taking unilateral trade measures against China, it will definitely bring serious impacts on the economy of itself and the welfare of its people."

Trump and Xi are due to meet at a summit of the Group of 20 on June 28-29. It's unclear when the two countries' negotiating teams will resume detailed talks, which stalled in May when the U.S. accused China of reneging on earlier commitments.

You may also like these

US tycoon's China scholarship project opens doors...

Sep 10, 2016

A new scholarship program intended to rival the prestigious Rhodes Scholarships and build...

China launches second space station, Tiangong 2

Sep 15, 2016

China has launched its second space station in a sign of the growing sophistication of its...

Asian stocks markets retreat after Wall Street...

Dec 23, 2016

Most Asian stock markets have declined in thin trading ahead of the Christmas holiday after Wall...

Asia shares falter as investors watch dollar,...

Jan 6, 2017

Asian shares are wavering as a weaker dollar discourages investors who are shying away from risky...

McDonald's sells China business in deal worth up...

Jan 9, 2017

Fast-food giant McDonald's is selling a controlling stake in its China business to a group of...

Sign up now!

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.

Contact us: sales[at]thefinancialcapital.com