The Trump administration is imposing tariffs on $200 billion U.S. more in Chinese goods starting next week, escalating a trade war between the world's two biggest economies and raising prices on consumer goods ranging from handbags to bicycle tires. "Nowadays economic and trade relations between China and the U.S. are so closely connected that they will not be easily broken by unilateral hegemony", China's Global Times warned.
The U.S. Treasury last week invited Chinese officials, including Vice Premier Liu He, the top economic adviser to Chinese President Xi Jinping, for more talks to try to resolve trade differences between the world's two largest economies.
Trump is not expected to relent. China has said it's ready to impose retaliatory tariffs on US goods.
The administration since July has already slapped 25 percent tariffs on $50 billion of Chinese goods, sparking immediate in-kind retaliation.
Neither claim is supported by economic data. If China doesn't make concessions, the new tariffs will then jump to 25 percent, a senior administration official said.
Since Trump announced his steel and aluminum tariffs, employment in primary metals manufacturing - which includes those industries - has increased by less than 1,000 jobs, according to the Labor Department.
The Trump administration has demanded that China cut its $375 billion trade surplus with the United States, end policies aimed at acquiring US technologies and intellectual property and roll back high-tech industrial subsidies.
He was expected to level tariffs on about $200 billion of Chinese imports, and China has said it would retaliate.
The Chinese government may decline to participate in proposed trade talks if the Trump administration moves forward with additional tariffs, the Wall Street Journal reported on Sunday, citing Chinese officials. It has been given new life, and is thriving.
"But, so far, China has been unwilling to change its practices", he said.
"These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy", he said.
The Chinese government said last week it welcomed Washington's proposal for more talks, though neither side has given any indication it is willing to compromise.
"He has not been satisfied with the talks with China on this".
The statements come as relations between the United States and China appear to strain. He is a former chairman of China's sovereign wealth fund, the China Investment Corp. "If countries will not make fair deals with us, they will be 'Tariffed!'"
Washington, Europe and other trading partners say those plans violate China's market-opening commitments. But they have threatened "comprehensive measures" as Beijing runs out of imports for penalties due to its lopsided trade balance with the United States.