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China Warns US Against Tariffs

Web Desk (June 04, 2018): China warned the US that any deals reached during ongoing trade talks would be void if Washington went ahead with imposing tariffs on Chinese goods, as the latest round of negotiations ended on Sunday in Beijing.

The third round of trade talks between the world’s two largest economies appeared to fall short of bridging the gap between Beijing and Washington, which are at loggerheads over Chinese trade and industrial policy practices that US President Donald Trump says kill American jobs.“If the US introduces trade sanctions including tariff increases, all economic and trade achievements negotiated by the two parties so far will be void,” said a Chinese government statement issued by the official Xinhua news agency.

The discussions in Beijing, led by US Commerce Secretary Wilbur Ross and Chinese Vice Premier Liu He, were intended to ease tensions after Washington said Tuesday it would follow through with tariffs on Chinese imports despite a truce reached between the two sides last month.The consensus reached in Washington called on China to increase agricultural and energy imports from the US. Beijing said “positive and concrete progress” was made on those issues with details left for “both sides to finalise”.

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