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Trade war

China says 'won't back down' on principles despite tariff threat

Trade tensions flare anew after cabinet-level meeting in Shanghai produces little

Hua Chunying, the spokeswoman for the Chinese Foreign Ministry, said Beijing will not accept any threat or blackmail.     © Kyodo

NEW YORK -- China has promised to retaliate if U.S. President Donald Trump levies further tariffs on Chinese goods, breaking a short-lived trade truce between the world's two largest economies.

"If the U.S. indeed imposes new tariffs, China will have to take necessary countermeasures to uphold its core interests and the fundamental interests of the Chinese people," Ministry of Foreign Affairs spokeswoman Hua Chunying said Friday in Beijing. "China does not accept any maximum pressure, threat or blackmail," she said, adding that "we won't back down even a little bit" on major issues concerning principles.

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