China has warned that it reserves the right to take retaliatory measures against the United States, which has moved ahead with a threat of trade restrictions against Chinese goods even as the two countries had earlier agreed to end a trade war with one another.
Chinese Ministry of Commerce spokesman Gao Feng said in a press conference on Thursday that the new US trade restrictions would be in contravention of World Trade Organization (WTO) rules.
He added, however, that Beijing was not willing to witness an escalation with Washington and that both countries had a huge potential for cooperation.
The warning by the Commerce Ministry came as Washington and Beijing prepared for weekend talks in the Chinese capital on American complaints concerning China’s trade surplus and Beijing’s promise to purchase more American goods.
Back to trade war?
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