Beijing (TLS) – This comes as the world’s biggest economies are facing a tit-for-tat trade war. China announced late week that it would impose higher tariffs on most U.S. imports on a revised US $60 billion target list, hitting back at a tariff hike by Washington on US $200 billion of Chinese goods.
Chinese State Councilor and Foreign Minister Wang Yi urged the United States (U.S.) government on Saturday not to go too far in its damaging moves against Chinese interests in a phone conversation with U.S. Secretary of State Mike Pompeo, according to state media.
“We urge the U.S. side not to go too far,” Wang told Pompeo, adding that the U.S should change its course as soon as possible so as to avoid further damage of bilateral ties and escalating tensions.
This comes as the world’s biggest economies are facing a tit-for-tat trade war. China announced late week that it would impose higher tariffs on most U.S. imports on a revised US$60 billion target list, hitting back at a tariff hike by Washington on US$200 billion of Chinese goods.
As this announcement was made on May 13, Wang said that their country will never surrender to foreign pressure after the U.S. renewed its threats to impose tariffs. Yet on Saturday, the Chinese FM reminded that both nations benefit from cooperation and lose from conflicts.
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However, U.S President Donald Trump seems to continue to threaten and attack Chinese business interest across the world. On Thursday, the Trump administration added Huawei Technologies to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the company to do business with U.S. counterparts.
The latest move will greatly affect the company’s business strategy outside China, as Google announced on Sunday that Huawei will immediately lose access to updates to Google’s Android operating system. The next version of its Android smartphones will also lose access to popular services including the Google Play Store, Gmail, and YouTube apps.
“Huawei will only be able to use the public version of Android and will not be able to get access to proprietary apps and services from Google,” the source said, which will affect the rising tech giants sales of smartphones across the world.
After unsuccessful trade talks finished on May 10, Trump announced that he’ll meet face-to-face with Chinese President Xi Jinping at the G20 summit late June, hoping to find a new channel to deescalate the situation.
This post originally ran on teleSUR.