The U.S. bears the full responsibility for the collapse of trade talks, according to China’s government, adding that any further discussions need to be based on sincerity, mutual respect and equality.
China is willing to work with the U.S. to find solutions, but the latter’s strategy of maximum pressure and escalation can’t force concessions from China, said Vice Commerce Minister Wang Shouwen, who led the working-level team in the negotiations. When you give the U.S. an inch, it takes a yard, he said.
The comments come as both sides continue to escalate their dispute, imposing higher tariffs and threatening each other’s companies. While Presidents Xi Jinping and Donald Trump may meet later this month in Japan at the Group of Twenty summit, there is no sign that either is looking to de-escalate or resume negotiations.