China has vowed that they will not give in to the Trump administration's threats to impose tariffs against the People's Republic.
The Chinese Foreign Ministry said in a statement on Monday that their country will never surrender to foreign pressure after the U.S. renewed its threats to impose tariffs on all Chinse imports. Foreign ministry spokesman Geng Shuang made the comments at a daily briefing in Beijing.
This move by the Trump administration could cause serious issues across the world, as both the United States and China have the two biggest economies in the world.
Geng declined to comment on what countermeasures China planned to announce in response to the U.S. tariff hike on $200 billion worth of Chinese goods on Friday.
Meanwhile, on Friday, Chinese Vice Premier Liu He said that cooperation is the only right choice for China and the United States, but China will not compromise on major issues of principle.
China-U.S. relations are of great importance, Liu said in a group interview with Chinese media after the conclusion of the 11th round of high-level economic and trade consultations between the world's top two economies, which took place on Thursday and Friday in Washington.
Economic and trade relations serve as the ballast and propeller of the overall China-U.S. relationship, and matter not only to bilateral ties, but also to world peace and prosperity, added Liu, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee.
Cooperation is the only right choice for the two sides, but it has to be based on principles, said the vice premier, who heads the Chinese side of the China-U.S. comprehensive economic dialogue.
China, he stressed, will never make concessions on major issues of principle.
The Chinese delegation came to Washington for the latest round of talks with sincerity, and held candid and constructive exchanges with the U.S. side, Liu said, adding that the two sides agreed to continue to push forward the consultations.
China strongly opposes U.S. tariff hikes, which are harmful not only to China and the United States, but to the world at large, and China will have to take necessary countermeasures, he added.