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Trade war

China vows to take countermeasures to latest US tariffs

Beijing says Trump broke pledge by threatening to tax $300bn worth of goods

China says Donald Trump's latest threatened tariffs would violate an agreement that the U.S. president made with his Chinese counterpart Xi Jinping.   © Reuters

BEIJING/WASHINGTON (Reuters) -- China on Thursday vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal, as U.S. President Donald Trump said any pact would have to be on America's terms.

The Chinese finance ministry said in a statement that Washington's tariffs, set to start next month, violated a consensus reached between Trump and Chinese President Xi Jinping at a June summit in Japan to resolve their disputes via negotiation.

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