CHINA (OBSERVATORY) – China is ready to respond and will not hesitate if the United States steps up its trade dispute with Beijing, the Chinese Ministry of Commerce said on Thursday, adding that Chinese President Xi Jinping’s pledge to reduce import duties is not a concession.
Xi pledged on Tuesday to further open up the Chinese economy and reduce import duties on products such as automobiles. US President Donald Trump responded by saying in a Twitter e-mail that he was “grateful” for Che’s good words on tariffs and “insight” on the issue of intellectual property.
Gao Feng, spokesman for the Ministry of Commerce, told a regular press briefing in Beijing that it was misleading to say that Xi’s pledge at the Boao Economic Forum this week was a concession to the United States.
He said that Xi was only clarifying China’s strategy for more openness, which has nothing to do with the trade dispute with the United States.