Amid US China tensions, Trump says Xi might not be friend anymore

US President Donald Trump has spoken many times since coming to office of his friendship with Chinese counterpart Xi Jinping

US President Donald Trump has spoken many times since coming to office of his friendship with Chinese counterpart Xi Jinping

"There are some forces in the U.S. recently frequently smearing China and creating antagonistic sentiment, which has caused serious damage to China-U.S. relations", he said. While details could vary, "qualitatively, the results are unambiguous: an economy imposing a tariff which prompts retaliation by other countries is clearly worse off".

The potential visit fell apart last weekend after Trump, citing a lack of Chinese efforts to address his concern on protecting American intellectual property, chose to go ahead with the new tariffs.

China can not hold talks with Washington on ending their escalating trade dispute while the United States "holds a knife" to Beijing's neck by imposing tariff increases, a Chinese official said Tuesday.

The study didn't include the 10 percent tariffs Trump announced Monday on $200 billion worth of Chinese goods and China's $60 billion in retaliatory tariffs on United States goods.

For more than a year, Chinese leader Xi Jinping could count on one thing even as his government clashed with the United States over trade and other tiffs: US President Donald Trump calling him "friend".

Earlier, the two sides imposed 25 percent penalties on $34 billion of each other's goods in July and another $16 billion in August.

The world's two largest economies have already slapped tariffs on each other's goods, and the Chinese government called off planned talks with United States officials.

Meeting with Former U.S. Secretary of State Henry Kissinger here, Wang said that China aims to achieve a bilateral relationship featuring "non-conflict, non-confrontation, mutual respect and win-win cooperation" between the two countries. He first moved to add the additional levies to $50 billion of China's imports this summer, to which China responded in a tit-for-tat manner, putting new taxes on an equal amount of US products.

On Monday, the Chinese government accused the Trump administration in a report of "trade bullyism" and of preaching "economic hegemony".

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"It's not going to be easy", Mr. Lighthizer said when asked what would result in concessions from Beijing.

It affirmed China's stance that it is a developing country, a claim that rankles Washington, Europe and other trading partners.

These "propaganda ads" are being placed "because we are beating them on Trade, opening markets", he tweeted.

Mr. Lighthizer repeated his views that China's intellectual-property practices and non-market industrial subsidies that have resulted in excess production capacity would put the future of the USA economy and its high-technology industries at risk.

The Trump administration has "has brazenly preached unilateralism, protectionism and economic hegemony, making false accusations against many countries and regions, particularly China, intimidating other countries through economic measures such as imposing tariffs, and attempting to impose its own interests on China through extreme pressure", the official Xinhua News Agency said.

"Cutting tariffs makes a lot of sense", Alden said.

As the fight intensifies, China is running out of US imports for retaliation.

Imports of American goods past year totaled $153.9 billion while the United States bought Chinese goods worth $429.8 billion, according to Chinese customs data.

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