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China said Thursday that it hoped to the meet the U.S. “halfway” on a trade deal and warned of potential retaliation if the U.S. followed through with its threats to hike tariffs on Chinese goods to 25% across the board by midnight Thursday.
“We hope the U.S. can meet China halfway, take care of each others’ concerns, and resolve existing problems through cooperation and consultations,” Commerce Ministry spokesman Gao Feng told reporters in Beijing.
The article goes on to state the following:
Gao added: “China’s attitude has been consistent and China will not succumb to any pressure. China has made preparations to respond to all kinds of possible outcomes.” He did not say how it would respond.
— CNBC Now (@CNBCnow) May 9, 2019
— Reuters Top News (@Reuters) May 9, 2019
Chinese officials are due at USTR around 5pm to restart trade talks. Mnuchin and Lighthizer will have dinner with Liu He this evening. Barring a breakthrough, more tariffs come at midnight. https://t.co/mKytHmsAYv
— Alan Rappeport (@arappeport) May 9, 2019
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