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Trade wars: Markets hit five-week low ahead of US-China talks – business live | Business

China is fully prepared to defend its interests in its trade war with the United States, but hopes the United States can resolve problems through dialogue instead of unilateral steps, the Chinese commerce ministry said on Thursday. The comments came as a Chinese delegation led by Vice Premier Liu He was set to hold talks

China is fully prepared to defend its interests in its trade war with the United States, but hopes the United States can resolve problems through dialogue instead of unilateral steps, the Chinese commerce ministry said on Thursday.

The comments came as a Chinese delegation led by Vice Premier Liu He was set to hold talks in Washington on Thursday and Friday aimed at salvaging a deal that appeared to be unravelling after U.S. officials accused China of backtracking on earlier commitments and President Donald Trump threatened to hike tariffs on Chinese goods on Friday.

Speaking to reporters in Beijing, the commerce ministry’s spokesman, Gao Feng, said China has the determination and capacity to defend its interests, but hopes the U.S. can meet it halfway.

“China’s attitude has been consistent, and China will not succumb to any pressure,” Gao said. “China has made preparations to respond to all kinds of possible outcomes.”

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