#USChinaTensions #USChinaTensions

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

China accused Washington today, Monday, of abusing tariffs and warned countries against entering into a broader economic agreement with the United States at its expense, escalating its rhetoric in the midst of a rising trade war between the two largest economies in the world. The spokesperson for the Chinese Ministry of Commerce said: "The United States has abused tariffs on all its trading partners under the guise of what is called 'equivalence', while at the same time forcing all parties to begin what is called 'reciprocal 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 commerce response came following a Bloomberg report, citing informed sources, that the Trump administration is preparing to pressure countries seeking tariff reductions or exemptions from them to limit trade with China, including imposing financial sanctions.