China warns US no deal if tariffs go ahead
BEIJING (AP) - China has warned any agreements with Washington in their talks on settling a sprawling trade dispute "will not take effect" if threatened U.S. sanctions including tariff hikes go ahead.
The statement Sunday came shortly after delegations led by U.S. Commerce Secretary Wilbur Ross and China's top economic official, Vice Premier Liu He, held another round of talks on China's pledge to narrow its trade surplus with the United States by purchasing more American goods.
The Chinese statement said the two sides made "positive and concrete progress," but neither side released details.
The statement said, "If the United States introduces trade sanctions including increasing tariffs, all the economic and trade achievements negotiated by the two parties will not take effect."