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China Refuses to 'Surrender to External Pressure' as US Renews Tariff Threat

© AP Photo / Andy WongVisitors tour the Forbidden City decorated with red lanterns and illuminated with lights during the Lantern Festival in Beijing, Tuesday, Feb. 19, 2019.
Visitors tour the Forbidden City decorated with red lanterns and illuminated with lights during the Lantern Festival in Beijing, Tuesday, Feb. 19, 2019. - Sputnik International
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Last week's round of US-China trade negotiations failed to produce any results, with Washington subsequently introducing a new set of tariffs on Chinese goods. Beijing has already vowed to retaliate against Washington's Friday decision to impose 25 percent tariffs on $200 billion worth of Chinese goods.

The Chinese Foreign Ministry has stated that Beijing will not succumb to external pressure amid the trade war with the United States.

"China will never surrender to external pressure. We have the confidence and the ability to protect our lawful and legitimate rights", Foreign Ministry spokesman Geng Shuang said.

READ MORE: Trump: China Is 'DREAMING' of Biden Winning 2020 US Presidential Election

When asked to comment on Washington's threat to impose tariffs on all Chinese imports despite ongoing negotiations to ink a trade deal, the official refused to reveal what countermeasures Beijing planned to announce in response to the US tariff hike on $200 billion worth of Chinese goods imposed on Friday.

Larry Kudlow, a longtime fixture on the CNBC business news network who previously served in the Reagan administration, is interviewed on the floor of the New York Stock Exchange, Wednesday, March 14, 2018. - Sputnik International
WH Adviser Kudlow: Americans Are Paying for Tariffs Trump Imposed on China
According to US President Donald Trump, Beijing should strike the deal with him now, or it could be "far worse" for China if the agreement is re-negotiated during his second presidential term.

The trade dispute between the two countries has been escalating for over a year, as both China and the US have repeatedly slapped billions of dollars' worth of retaliatory tariffs on each other.

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