China's chief trade negotiator says the US must remove extra tariffs before a trade deal can be reached
Liu made the comments to state-run media shortly after trade negotiations concluded in Washington on Friday without a breakthrough. President Donald Trump formally instructed US Trade Representative Robert Lighthizer to begin the process of"raising tariffs on essentially all remaining imports from China, which are valued at approximately $300 billion.
The hike came after a truce as Washington and Beijing sought to ink a trade pact. Read MoreTrump said in a tweet this week that Beijing"broke the deal" after months of negotiations. He also said there was "no need to rush" to secure a deal between the world's two biggest economies.China said in a statement it"deeply regrets that it will have to take necessary countermeasures," but so far, Beijing has held off on immediate retaliatory action.
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