China: There is no negotiation with the US!

Beijing has responded to US President Donald Trump’s allegations of tariff talks between the two countries, according to ISNA.

“No negotiations have been held, and the reports that say the opposite are fake News,” China’s Foreign Ministry spokesman said on Thursday.

Goa’s remarks were in response to Trump’s talk on Wednesday, referring to the possibility of withdrawal from his tariff policy.

The US president had said that tariffs imposed on Chinese goods earlier this month would “dramatically decline” and promise a “fair agreement with China”, claiming “actively” interacting with Beijing.

“All of these are fake news,” Goa said at a news conference.

“As far as I know, China and the United States have had no advice or negotiations on the tariff issue, let alone reach an agreement,” he said.

A spokesman for the Chinese Foreign Ministry said Beijing is still ready to talk, but emphasized that “dialogue and negotiation should be equal, respectful and useful for both parties.”

He repeated China’s stance that the US -started tariff clash has been “started” and warned that Beijing was “ready to end against what the US unjust and illegal commercial behavior is.”

Earlier this month, Trump imposed extensive tariffs on China’s imports, including 5 %, on the day he called it “the Day of Freedom”. The move was part of a broader campaign aimed at more than five countries to counter what Trump calls unfair trade imbalances.

While most of the new tariffs were suspended for 7 days – and the remaining 2 % of the base – China was excluded from the suspension. In response, Beijing imposed 5 % tariffs on American goods and limited key exports.

Tensions between the two major economies of the world have led to fluctuations in global markets. The IMF on Tuesday reduced global growth forecasts and described trade uncertainty as one of the main factors in production.

The world’s economic outlook forecasts the world’s GDP growth of 4.9 percent this year, compared to 4.9 percent in the year.

It also reduced US economic growth for year 2 to 4.9 percent, up 4.9 percent last year. China’s economic growth is expected to decline by 5 % due to efforts to counter the effects of Washington’s tariffs.

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