#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.
Today, Monday, China accused Washington of abusing tariffs and warned countries against entering into a broader economic agreement with the United States at its expense, thus escalating its tone amid an escalating 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 'parity', while at the same time forcing all parties to start what is called 'reciprocal tariff negotiations with it'.
The Ministry of Commerce stated that China is determined and capable of protecting 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.
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