Beijing has made adequate preparations to respond to the U.S. on trade, the Chinese Ministry of Commerce said Thursday.
div > div.group > p:first-child"> Chinese Vice Premier Liu He Liu He and his team are in the U.S. on Thursday and Friday for an 11th round of negotiations on trade issues. U.S. President Donald Trump unexpectedly announced on Sunday that tariffs on $200 billion worth of Chinese goods would increase to 25% this Friday, citing lack of progress on trade talks.
He added that hopefully the U.S. and Chinese sides can resolve trade issues through negotiations, not one-sided actions. Gao did acknowledge in a report released at Thursday's press conference that in light of international organizations' downgrade of their view on global trade, unilateralism and protectionism, China's exports do face downward pressure.
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