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View all search resultsA US move to raise tariffs on Chinese goods is a sign of weakness, not of strength, and shows that some in the United States may be "losing their minds", China's foreign minister said on Wednesday, in unusually blunt comments.
China on Friday passed a law leaving its biggest trade partners in no doubt that it can hit back should they put tariffs on the exports of the world's No. 2 economy as Washington and Brussels take aim at Beijing over excess industrial capacity.
Beijing's commerce minister dismissed as "groundless" US concerns that a surge of low-cost Chinese exports posed a risk to global markets, as Washington's Treasury chief on Monday wrapped up a visit aimed in part at addressing the issue.
US Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier He Lifeng agreed to launch exchanges on "balanced" economic growth, an effort to address US concerns about China's excess manufacturing capacity.
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