#USChinaTensions

In the most dangerous escalation of the trade war, China warns countries against entering trade agreements with the United States at its expense.

China accused Washington today, Monday, of misusing tariffs and warned countries against entering into a broader economic agreement with the United States at its expense, escalating its rhetoric amid a rising trade war between the world's two largest economies. The spokesperson for the Chinese Ministry of Commerce stated: "The United States has misused tariffs on all its trading partners under the banner of what is called 'fairness', while simultaneously forcing all parties to start what is called 'mutual tariff negotiations with it'."

The Ministry of Commerce stated that China is determined and able to protect its rights and interests and is ready to strengthen solidarity with all parties.

According to a report by Reuters, the Chinese Ministry of Commerce declared that Beijing will strongly oppose any party that enters into an agreement at China's expense and "will take firm and reciprocal countermeasures".

The Chinese Ministry of Commerce responded to a report by Bloomberg, citing informed sources, indicating that the Trump administration is preparing to pressure countries seeking to reduce tariffs or obtain exemptions to limit trade with China, including imposing financial sanctions.

$BTC