The Trump administration announced it would provide up to 12 billion US dollars in aid to US farmers impacted by ongoing trade disputes. However, US lawmakers and farmers were critical of the plan, saying that farmers wanted more trade rather than subsidies.
"There is no winner in a trade war, and the trade disputes provoked by the United States will achieve nothing but detriment for everyone," Geng said.
He called on the United States to "listen to the voice of reason at home and the common appeal of the international community, recognize the situation, and withdraw from the wrong path and not to go any further."
Washington has imposed a hefty 25% tariff on $34 billion worth of imported Chinese goods in reaction to alleged intellectual property violations.
The US and China have fired the opening shots in a trade war. It is hard to see their moves as anything other than reckless acts that endanger the global economy. The two countries should immediately reverse course on their punitive and retaliatory measures and ease tensions through dialogue.
The US car maker, Ford Motor Co, has hiked prices by as much as 20 percent in China, and becoming the first automaker to raise prices in the world’s largest automotive market in response to a US - China trade war.
Ford Motor Co said on Thursday it would not hike prices on its imported cars, for now, crimping its profit margins.
US President Donald Trump has suggested the possibility of imposing high tariffs on nearly all Chinese products shipped to the US.
