“There is no winner in a war of customs rights or a trade war. China does not want to fight, but is not afraid to fight,” he said during a regular press point.
Beijing and Washington are engaged in a commercial showdown after the launch by Donald Trump of a customs duties campaign against rivals and partners of the United States – which is now aimed above all the Asian giant.
China warns that American customs duties put “pressure” on its economy
The American president has imposed customs surcharge of up to 145% on a large quantity of Chinese products. China replied with 125% retaliatory customs surcharge on imported American goods.
The United States, however, gave signs of relaxation on Friday, by granting exemptions for smartphones, laptops or semiconductors, of which China is a major producer.
“The ball is in China’s camp” if it wants to lower the customs duties imposed by Donald Trump, said the White House spokesman Karoline Leavitt on Tuesday, assuring that Washington “no need an agreement” with her.
Customs duties: “The ball is in the China camp”, according to the White House
