Search ForexCrunch

China’s Assistant Commerce Minister  Li Chenggang warned on Wednesday that the second round of the US tariffs on the Chinese goods harms the World Trade Organization (WTO) system and hurts globalization.

The official added that the only correct choice for China-US relations was cooperation.

The Trump administration threatened to slap 10 percent tariffs on an additional $200 billion worth of Chinese goods.

Last hour, Kevin Brady, Chairman of the Health Subcommittee for the House Ways and Means Committee, urged the US President Trump and China’s President Xi to hold a meeting on trade and reach a fair deal.