"China did not back down Monday in a back-and-forth with the U.S. over trade, calling for U.S. President Donald Trump to withdraw his latest threat of a 100% tariff and other export control measures announced over the weekend. In the latest escalation of the trade war between the two nations, Trump issued the tariff threat on all Chinese imports into the U.S. after China placed stricter restrictions Thursday on rare earths, a vital resource used in electronics."
"China's Ministry of Commerce issued a lengthy response Sunday saying the U.S. was "severely damaging the atmosphere of trade negotiations." "China urges the U.S. to promptly correct its erroneous practices," Chinese Ministry of Foreign Affairs spokesman Lin Jian said Monday. "If the U.S. insists on going its own way, China will certainly take resolute measures to safeguard its legitimate rights and interests.""
China demanded that the U.S. withdraw threats of a 100% tariff and other export control measures after China tightened restrictions on rare earths. The tariff threat targeted all Chinese imports and followed China’s new controls on rare earths, a key component for electronics. President Trump described the Chinese move as "out of the blue" and posted that the U.S. wants to help China, not hurt it. China's Ministry of Commerce said U.S. actions were severely damaging the atmosphere for trade negotiations. Foreign Ministry spokesman Lin Jian urged the U.S. to correct erroneous practices and warned of resolute countermeasures. Chinese exports to the U.S. fell 27% in September and have declined for six straight months.
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