China has said it will impose tariffs on $60bn (£46bn) of United States goods from 1 June, extending a bilateral trade war.
China said it would "never surrender" to external pressure.
The new tariffs will come into place June 1, the Chinese government said, after the USA imposed a new 25-per-cent tariff on US$200-billion in Chinese goods.
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Trump publicly disagreed with Kudlow on Monday, although he did not call him out by name, when he tweeted that there was "no reason for the U.S. Consumer to pay the Tariffs" on imports from China.
White House economic adviser Larry Kudlow told a Fox News program that China needs to agree to "very strong" enforcement provisions for an eventual deal and said the sticking point was Beijing's reluctance to put into law changes that had been agreed upon. That has "led to an escalation of Sino-U.S. economic and trade frictions", the finance ministry said, adding that U.S. actions "jeopardize the interests of both sides".
A total of 5,140 United States products will be subject to additional tariffs of 5pc, 10pc, 20pc and 25pc starting from June 1, the finance ministry in Beijing said in a statement. NY time. The Dow Jones Industrial Average slid 2.1 percent, while the Nasdaq Composite Index tumbled 2.9 percent.
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The U.S. president, who has embraced protectionism as part of an "America First" agenda, stepped up his verbal attacks on China on Friday after two days of high-level trade talks in Washington ended with the two sides at an apparent stalemate. -Chinese trade balance. Regulators have started targeting American companies in China by slowing down customs clearance for shipments and issuance of business licences.
"Many tariffed companies will be leaving China for Vietnam and other such countries in Asia".
The increases already in place have disrupted trade in goods from soybeans to medical equipment and sent shockwaves through other Asian economies that supply Chinese factories. Beijing has balked at US demands that it use its legislative process to enshrine changes in law, saying it can use other state directives to accomplish its aims. It said the tariffs will take effect on June 1. They said that loss could widen to one percentage point if both sides extend penalties to all of each other's exports. That would pull annual growth below 6%, raising the risk of politically risky job losses. "I don't know. That will take some time and then of course the president's going to have to make the final decision on that", Kudlow said.
Kudlow also said it could be "a couple of months" before Trump is able to impose 25 percent tariffs on a remaining $300 billion worth of Chinese goods. But he said there were no "definite plans".
"There is nothing to be afraid of", said the party newspaper People's Daily.
"It's no big deal".
A stumbling block has been US insistence on an enforcement mechanism with penalties to ensure Beijing carries out its commitments. Economists say Chinese leaders probably reject that as a violation of Chinese sovereignty.