Beijing threatens to retaliate if US goes ahead with a planned increase in tariffs on Chinese goods as trade officials from both sides meet to find a way out of the impasse
The US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer have met China's Vice Premier Liu He on previous occasions to end the dispute.
China has threatened to retaliate if President Donald Trump goes ahead with the tariff hikes, adding to the heated rhetoric from both sides that was shaking stock markets around the globe. In response to the alleged backsliding, the US is raising tariffs on $200 billion in Chinese imports from 10 percent to 25 percent at 12:01 a.m. Eastern time on Friday.
The two countries are sparring over US allegations that China steals technology and pressures American companies into handing over trade secrets, part of an aggressive campaign to turn Chinese companies into world leaders in robotics, electric cars and other advanced industries.
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