China stands its ground after Trump amps up tariff threats

Also a second round of tariffs on products worth $16billion could take effect as soon as this week

Also a second round of tariffs on products worth $16billion could take effect as soon as this week

"Regrettably, instead of changing its harmful behaviour, China has illegally retaliated against USA workers, farmers, ranchers and business", Lighthizer argued.

"If you're going to take China on, you'd better make sure you've shored up your base with your allies and made sure you kept other markets open", said Michael Camunez, president of Monarch Global Strategies consultancy and a former U.S. Commerce Department official.

WASHINGTON-A business group made up of the CEOs of 200 of America's largest companies is urging the Trump administration to stop insisting that Beijing reduce its trade gap with the US and focus instead on pursuing changes to Chinese tariffs, investments and regulations.

Earlier, US Trade Representative Robert Lighthizer exacerbated the conflict by releasing a list of thousands of Chinese products worth $200 billion that could face additional 10-percent tariffs. "We advise the United States to be level-headed and avoid simply acting on impulse, otherwise it will ultimately hurt itself".

"It violates the promises of the administration of US President Donald Trump that a trade war with China will not damage (the nation's) own people", he told ftchinese.com.

China has appealed to Washington to stay level-headed and "correct its attitude" following a US threat to raise tariffs on $200 billion of Chinese goods in a dispute over technology policy.

United States pressure and blackmail on trade won't work.

White House press briefing
I addressed this question, I addressed my personal feelings. "But no, I do not feel that the media is the enemy of the people". Sanders said it was ironic that media organizations complain about the president's rhetoric when theirs often is so vicious.

The next wave of USA tariffs is set to kick in as soon as Wednesday, with the possible imposition of duties on another $16 billion of Chinese imports.

Trump's threats of higher tariffs weighed on China's financial markets. Officials in Beijing have vowed to respond with the same amount of tariffs on USA products.

Urging cooler heads in Washington to prevail, Mr Wang made the case that USA tariffs would hurt its own consumers and businesses, given how globalised trade is today.

In 2017 the United States had a $376 billion trade deficit with China, which it is keen to reduce.

Officials, however, downplayed suggestions that the move was meant to compensate for the recent decline in the value of the Chinese currency, which has threatened to take much of the sting out of Trump's tariffs by making imports cheaper.

The proposal would require a more robust justification from the Department of Defense for "Section 232" tariffs such as those imposed on steel and aluminum imports and those now under consideration for autos. "25 percent on $200 billion, if it comes to pass, is $50 billion a year", Ross said of the proposed hike in tariffs in an interview with Fox Business News, adding that the impact would not "be cataclysmic".

"There are folks in the White House that really think the best approach to China is a very aggressive one, and that position clearly seems to be prevailing", Camuñez says.

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