China on Sunday accused the US of using "extreme pressure" to force Beijing to reach a deal to end the trade war and asserted that while it wants resolution through talks there will be no compromise on its principles.
Stepping up the rhetoric against the US, China on Sunday released a detailed White Paper titled 'China's Position on the China-US Economic and Trade Consultation' outlining the long drawn out process of 11 rounds of negotiations held since last year to end the tariff war.
The Chinese government in the paper said the US tariff measures have not boosted American economic growth. Instead, they have done "serious harm" to the US economy.
Rebutting Trump's accusations that China went back on agreements reached during the talks, Wang Shouwen, vice-minister of commerce who released the White Paper, said the US is putting some compulsory requirements impinging on China's sovereignty with a rider that some tariff will remain even after the deal.
The US is making compulsory requirements impinging on China sovereignty to be included in the agreement, he said in apparent reference to Washington demanding access to verify the implementation of the deal, especially on Beijing's assurance to protect the IPR and technology transfers.
Without directly naming President Donald Trump, Wang said they also increased tariffs in order to exhort pressure on China leading to severe setback of the negotiations."
Disclaimer: No Business Standard Journalist was involved in creation of this content