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, while U.S. President Donald Trump said any pact would have to be on America's terms.
China's 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.
In a separate statement, a Chinese foreign ministry spokeswoman, Hua Chunying, said, "We hope the U.S. will meet China halfway, and implement the consensus of the two heads of the two countries in Osaka."