China’s top leaders have pledged to step up support for the economy stricken by a high-stakes trade war with the United States as Beijing dismisses President Donald Trump’s claims of being engaged in tariffs negotiations, Al Jazeera reports.
Chinese Foreign Ministry spokesperson Guo Jiakun said on Friday that the two nations were not engaged in formal talks on the trade war triggered by US tariffs earlier this month.
US duties on Chinese goods now stand at 145 percent, while China’s retaliatory levies on US imports have reached 125 percent.
China insists the US must first lift all “unilateral” tariffs to resolve the trade standoff.
