China dashed prospects for a near-term resolution to the trade war with the US, warning President Donald Trump his threats of further tariffs are blocking any potential negotiations.
The response, which came just over an hour after the US imposed new duties on $200 billion in Chinese goods on Monday, underscores a deepening gulf between both governments in a dispute that observers say is less about a row over a bilateral goods deficit and increasingly about a US desire to put the brakes on China’s economic ascent.
Trump has repeatedly threatened higher tariffs on the remaining Chinese imports should Beijing