BEIJING: China will reply firmly if the us insists on escalating exchange tensions, the foreign ministry said on Tuesday after US President Donald Trump said further price lists have been prepared to kick in if no deal was reached at June’s G20 summit.

Trump has time and again said he's getting ready to meet chinese President Xi Jinping at the Osaka summit at the give up of June, however China has no longer showed it.

Trump stated last week he might decide after the assembly of the leaders of the sector’s largest economies whether or not to carry out a hazard to impose price lists on at the least $300 billion in chinese items.

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On Monday, Trump said he turned into geared up to impose any other spherical of punitive tariffs on chinese imports if he cannot make progress in trade talks with Xi in Osaka.

chinese foreign Ministry spokesman Geng Shuang once more would not be drawn on confirming a Xi-Trump meeting at G20, announcing data would be released once it changed into to be had to the ministry.

“China does not need to fight a trade battle, however we aren't terrified of combating a change warfare,” he stated, including China’s door changed into open to talks based on equality.

“If the usa handiest desires to boost exchange frictions, we will resolutely reply and fight to the quit.”

Tensions among Washington and Beijing rose sharply in can also after the Trump administration accused China of having reneged on promises to make structural monetary modifications for the duration of months of alternate talks.

america is searching for sweeping changes, together with an give up to compelled generation transfers and theft people alternate secrets. It additionally desires curbs on subsidies for chinese language kingdom-owned companies and higher get right of entry to for US firms in chinese language markets.

On may 10, Trump raised tariffs on $200 billion of chinese items up to twenty-five% and took steps to levy duties on an extra $three hundred billion in chinese language imports. Beijing retaliated with tariff hikes on a revised list of $60 billion in US items.

the usa government has also angered China with the aid of placing Huawei technologies Co Ltd on a blacklist that effectively bans US agencies from doing enterprise with the chinese company, the sector’s largest telecoms system maker.

buyers fear China will retaliate by setting US organizations on a blacklist or banning exports to the united states of rare earth metals, which are used in merchandise inclusive of reminiscence chips, rechargeable batteries and mobile phones.