#USChinaTensions
In the most dangerous escalation of the trade war, China warns countries against concluding trade agreements with the United States at its expense.
On Monday, China accused Washington of abusing tariffs and warned countries against concluding a broader economic agreement with the United States at its expense, escalating its rhetoric. Amid an escalating trade war between the world's two largest economies, a spokesperson for the Chinese Ministry of Commerce said, "The United States has abused tariffs on all its trading partners under the guise of so-called 'equivalence,' while simultaneously forcing all parties to initiate so-called 'reciprocal tariff negotiations with it.'"
The Ministry of Commerce said that China is determined and capable of protecting its rights and interests and is ready to strengthen solidarity with all parties.
According to a Reuters report, the Chinese Ministry of Commerce stated that Beijing will firmly oppose any party that concludes an agreement at China's expense and will "take resolute and reciprocal countermeasures."
The Ministry of Commerce responded to a Bloomberg report, citing informed sources, that the Trump administration is preparing to pressure countries seeking tariff reductions or exemptions to limit trade with China, including imposing financial sanctions.
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