"This kind of deliberately provoking trade disputes is naked economic terrorism, economic chauvinism, economic bullying. There can be no winners in a trade war, it will inevitably end up with both sides losing," Zhang said at a briefing.
The US and China have been trying to overcome disagreements that emerged in the wake of US President Donald Trump’s decision last June to impose 25 percent tariffs on $50 billion worth of Chinese goods in a bid to fix the trade deficit. Since then, the sides have exchanged several rounds of duties.
The latest hit was made by Washington earlier in May when $200 billion worth of Chinese goods were subjected to the 25 tariff fee. Beijing pledged to retaliate by hiking tariffs on $60 billion worth of US imports starting in June.
